TLDR
- Trump Media Submits Another Filing for Bitcoin and Ether ETF to the SEC
- The Parent Company of Truth Social Aims to Gain Exposure to BTC, ETH, and CRO
- A 0.95% Fee Structure Is Set for the New Crypto ETFs by Trump Media
- The Filing of the Cronos Yield ETF Strengthens the Partnership with Crypto.com
- Trump Media’s Renewed Push for ETFs Awaits Review by the SEC
After renewing its plans to launch cryptocurrency exchange-traded funds related to Truth Social, Trump Media (DJT) stock advanced during active trading. The stock closed at $10.98, a 0.83% increase, and edged up to $10.99 in after-hours trading. This filing follows previous regulatory delays and indicates continued expansion into digital asset products.
Bitcoin and Ether ETF Filing Reactivates Expansion Plan
Trump Media submitted a new registration statement to the U.S. Securities and Exchange Commission for a Bitcoin and Ether ETF. This filing seeks approval before the fund can commence operations and accept capital. Trump Media had previously submitted similar proposals that regulators postponed in August.
The proposed fund will offer exposure to Bitcoin and Ether and will include network staking rewards. Yorkville America Equities will serve as the investment adviser and set an annual management fee of 0.95%. Meanwhile, Crypto.com will handle custody, liquidity provision, and staking services.
continues to expand beyond its social media operations under the Truth Social brand. The company signaled its crypto strategy in June with a spot Bitcoin ETF filing. However, regulatory review has slowed down several crypto ETF applications across the market.
Cronos Yield Maximizer ETF Aims for CRO Exposure
also filed for the Truth Social Cronos Yield Maximizer ETF, which will track Cronos, Crypto.com’s native token. The product intends to generate returns through staking mechanisms associated with the Cronos blockchain. As a result, Trump Media deepens its commercial relationship with Crypto.com.
The Cronos-based fund will also have an annual management fee of 0.95% under the oversight of Yorkville America Equities. Additionally, Crypto.com’s broker-dealer, Foris Capital US LLC, will execute fund purchases. The structure is similar to earlier proposals that paired Trump Media with the same partners.
Cronos plays a central role in Crypto.com’s ecosystem and supports various blockchain services. Trump Media has previously explored token initiatives related to its shareholder base. Therefore, the new ETF proposal aligns with broader blockchain-related initiatives linked to the company.
Regulatory Context and Corporate Background
The Securities and Exchange Commission has expedited some crypto ETF approvals in recent months. However, the agency has delayed or rejected several staking-based and altcoin-linked products. Consequently, Trump Media’s filings will undergo further regulatory review before any launch.
operates as the parent company of Truth Social and related ventures. Devin Nunes has been the chief executive since leaving Congress in 2021. The company has also announced an all-stock merger plan with fusion energy firm TAE Technologies.
In addition, Trump Media partnered with Crypto.com on a prediction market and a token treasury initiative. Anchorage Digital and Crypto.com both support its Bitcoin treasury operations. As Trump Media broadens its digital asset strategy, the latest ETF filings represent a renewed regulatory push.
