Donald Trump’s media company, Trump Media & Technology Group, has submitted filings to the United States Securities and Exchange Commission for two new cryptocurrency exchange-traded funds.
In a Friday announcement from its Truth Social Funds division, the company said it intends to launch the Truth Social Bitcoin (BTC) and Ether (ETH) ETF, along with the Truth Social Cronos (CRO) Yield Maximizer ETF. The proposals are pending regulatory review and have not yet become effective.
Steve Neamtz, president of Yorkville America Equities — which will serve as the investment adviser for both funds — said the goal is to offer investors diversified exposure to digital assets, combining opportunities for capital growth and income generation.
The ETFs would be developed in partnership with Crypto.com, which is expected to provide custody, liquidity and staking services if approved. Investors would access the products through the exchange’s broker-dealer, Foris Capital US LLC. Each fund is expected to carry a 0.95% management fee.
ETFs designed to track BTC, ETH and CRO
The Bitcoin and Ether ETF aims to mirror the combined performance of the two largest cryptocurrencies by market capitalization, while also incorporating staking rewards from Ether. The Cronos Yield Maximizer ETF would track CRO — the native token of Crypto.com’s Cronos blockchain — and include staking income as part of its strategy.
Best known for operating the Truth Social platform, Trump Media has been expanding its footprint in the crypto sector. In April last year, the company announced a partnership with Crypto.com and Yorkville America Digital to roll out a series of “Made in America” ETFs blending digital assets with traditional securities, including energy-related investments.
In September, Trump Media also struck a deal with Crypto.com to establish a joint treasury initiative focused on accumulating CRO, starting with an initial purchase of approximately 684.4 million tokens valued at around $105 million through a mix of stock and cash.
Spot Bitcoin ETFs face sustained outflows
Meanwhile, spot Bitcoin ETFs have recorded four straight weeks of net outflows. The most recent weekly data showed $360 million in withdrawals, according to figures from SoSoValue.
The data also indicates choppy but overall negative flows through late January and early February. The largest recent outflows totaled $817.87 million on Jan. 29, $509.70 million on Jan. 30 and $544.94 million on Feb. 4.
By comparison, inflows were more modest, including $561.89 million on Feb. 2, $371.15 million on Feb. 6, $166.56 million on Feb. 10 and $145.00 million on Feb. 9. Just $15.20 million was recorded in inflows on Friday.
