US President Donald Trump’s media company has filed paperwork with the Securities and Exchange Commission to launch three new cryptocurrency exchange-traded funds, marking the latest expansion of the firm’s digital asset ventures. Trump Media & Technology Group announced Friday through its Truth Social Funds arm that it intends to create the Truth Social Bitcoin and Ether ETF alongside the Truth Social Cronos Yield Maximizer ETF, pending regulatory approval.
The filings represent a significant move by Trump Media into the cryptocurrency investment space, which has grown substantially following the approval of spot Bitcoin ETFs in the United States. The company has increasingly positioned itself as a player in digital asset markets over the past year, building partnerships with major crypto infrastructure providers to develop investment products.
Steve Neamtz, president of Yorkville America Equities, which will serve as investment adviser for both funds, outlined the company’s ambitions in a statement. “We plan to provide an investment platform for investors covering multiple aspects of digital and crypto investing with both capital appreciation and income opportunities,” Neamtz said.
The proposed Bitcoin and Ether fund would track the combined performance of the two largest cryptocurrencies by market capitalization. Notably, the fund is also designed to capture staking rewards generated by Ether, adding a yield component to traditional spot ETF exposure. The Cronos Yield Maximizer ETF would follow the performance of CRO, the native token of Crypto.com’s Cronos blockchain, while including staking income for holders.
Crypto.com will partner with Trump Media on the initiative, providing custody, liquidity and staking services if the SEC approves the products. Investors would access the ETFs through Foris Capital US LLC, a broker-dealer affiliated with the exchange. Each product is expected to charge a 0.95% management fee, positioning them competitively within the current ETF landscape.
This is not Trump Media’s first venture into cryptocurrency products. In April of last year, the company announced a deal with Crypto.com and Yorkville America Digital to launch a set of “Made in America” ETFs combining digital assets and traditional securities across various sectors, including energy.
The firm doubled down on its crypto commitment in September, reaching a separate deal with Crypto.com to create a joint treasury entity focused on accumulating the CRO token. The initial purchase involved approximately 684.4 million CRO tokens valued at roughly $105 million, funded through a combination of stock and cash.
The timing of these ETF filings comes as the spot Bitcoin ETF market faces headwinds. According to data from SoSoValue, spot Bitcoin ETFs have recorded four consecutive weeks of net outflows, with the latest week seeing $360 million in withdrawals from the products.
The outflow trend reflects volatile market conditions across late January and early February. The largest recent withdrawals included $817.87 million on January 29, $509.70 million on January 30, and $544.94 million on February 4. While some positive days occurred during this period, inflows remained smaller than outflows, with February 2 recording $561.89 million in deposits, February 6 seeing $371.15 million, and February 10 adding $166.56 million.
Despite the recent outflows from spot Bitcoin ETFs, the launch of new cryptocurrency investment products suggests ongoing institutional and retail interest in digital asset exposure. The proposed Truth Social ETFs would offer investors an alternative route to access Bitcoin, Ether, and Cronos tokens through traditional investment vehicles.
The SEC filings for Trump Media’s proposed ETFs have not yet taken effect and remain subject to regulatory review.
Approval timelines for new cryptocurrency ETFs vary, but the regulatory framework for spot Bitcoin and Ether ETFs has become more established following recent approvals and operational experience with existing products.
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