Truth Social Funds, a unit of Trump Media and Technology Group (DJT), filed applications to launch two exchange-traded funds: the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF. The products, in partnership with Crypto.com for custody and staking, aim to provide exposure to Cronos (CRO), Bitcoin, and Ethereum.
The Cronos ETF is designed to track CRO performance with staking and liquid staking exposure. The Bitcoin and Ether ETF will use a roughly 60-40 allocation of BTC and ETH, with staking rewards distributed to holders. The filings follow prior applications for a solo Bitcoin ETF and a crypto blue-chip ETF including BTC, ETH, Solana (SOL), XRP, and CRO.
The ETFs are advised by Yorkville America Equities, and shares of Trump Media closed at $10.98, up 0.9%, following the filings. The company's stock has declined about 39% over the past six months.
The Cronos ETF is designed to track CRO performance with staking and liquid staking exposure. The Bitcoin and Ether ETF will use a roughly 60-40 allocation of BTC and ETH, with staking rewards distributed to holders. The filings follow prior applications for a solo Bitcoin ETF and a crypto blue-chip ETF including BTC, ETH, Solana (SOL), XRP, and CRO.
The ETFs are advised by Yorkville America Equities, and shares of Trump Media closed at $10.98, up 0.9%, following the filings. The company's stock has declined about 39% over the past six months.