Truth Social Funds, a subsidiary of Trump Media & Technology Group, has officially filed an application with the United States Securities and Exchange Commission (SEC) for two new cryptocurrency exchange-traded funds (ETFs).
The funds requested were identified as the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF.
The Truth Social Cronos Yield Maximizer ETF targets the price performance and staking income of Cronos ($CRO).
The fund aims to convey to investors not only market movements of $CROthe native token of the Cronos ecosystem, but also the rewards earned through staking. This will simultaneously provide both price appreciation and a passive income model.
The Truth Social Bitcoin and Ether ETF will track the combined performance of Bitcoin and Ethereum. The fund is also structured to include income from Ethereum staking, allowing investors to gain exposure to both the price movements of the two major cryptocurrencies and the rewards from Ethereum staking.
As part of the funds, CryptoCom is expected to offer digital asset custody, liquidity provision and staking services.
ETFs can be purchased through Foris Capital US LLC, CryptoCom’s brokerage firm. However, regulatory approvals must be obtained before all of these processes can be initiated.
*This does not constitute investment advice.