TMTG expands crypto ETF push with Crypto.com

TMTG expands crypto ETF push with Crypto.com
Truth Social plans Cronos token yield ETF launch

Trump Media and Technology Group Corp. (TMTG) plans to list an exchange-traded fund (ETF) investing in Bitcoin and Ethereum, as well as a fund tracking the native Cronos blockchain token developed by Crypto.com, with which TMTG maintains long-standing partnerships.

According to a Friday announcement, Trump Media and Technology Group (TMTG) filed two new crypto ETF proposals. One is an application to list a Bitcoin and Ethereum-based ETF. The company also plans to launch the Truth Social Cronos Yield Maximizer ETF, which will track the native token of crypto exchange Crypto.com.

Both funds are expected to provide access to staking rewards and will use Yorkville America Equities as the investment adviser. If approved, the new Truth Social ETFs will charge a 0.95% management fee. Purchases will be executed through Crypto.com’s broker-dealer, Foris Capital US LLC.

“We are honored to be selected to provide digital asset custody, liquidity, and staking services for these new Truth Social Funds. These two digital asset ETFs have strong potential, and Crypto.com looks forward to giving traders access to them,” said Crypto.com CEO Kris Marszalek.

Another attempt despite delays

Although the SEC has significantly accelerated the approval process for crypto ETFs, the agency postponed decisions last August on several proposals, including the Truth Social fund lineup. Only a limited number of funds that stake their underlying assets have received approval, while ETFs tracking smaller-cap altcoins continue to face regulatory challenges.

TMTG, which serves as the parent company for numerous non-real-estate Trump family ventures, primarily the Truth Social brand, first announced its intention to enter the crypto investment space in June last year by filing for a spot Bitcoin ETF.

In partnership with Crypto.com and Yorkville, the company launched a range of crypto funds and other investment products aimed at promoting “American exceptionalism.” These include a Bitcoin and Ethereum fund, as well as a “Crypto Blue Chip” ETF tracking a basket of tokens such as BTC, ETH, SOL, XRP, and CRO.

TMTG has also partnered with Crypto.com on several initiatives, including a prediction market and a CRO token treasury.

As we wrote, Trump Media signals launch of new Trump-affiliated crypto token

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.