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U.S. President Donald Trump’s company, Trump Media & Technology Group, through its subsidiary Truth Social, has filed two new spot crypto ETF applications that directly concern the cryptocurrency market. The filings, submitted to the U.S. Securities and Exchange Commission (SEC), cover not only Bitcoin and Ethereum but also a surprise altcoin: Cronos (CRO). These applications are notable because they include both large-cap crypto assets and an altcoin offering a staking-based yield model. The inclusion of CRO in an ETF structure signals that institutional crypto investment products may expand further into the altcoin segment. Depending on regulatory approval, this move could intensify competition in the crypto ETF space and potentially open a new chapter for the sector.
What Does the Truth Social Cronos Yield Maximizer ETF Aim to Do?
One of the proposed funds is the Truth Social Cronos Yield Maximizer ETF. This ETF aims to provide investors with exposure to both the price performance of Cronos (CRO) and the token’s staking rewards. In other words, the fund seeks to go beyond a traditional price-tracking vehicle by introducing a yield-oriented model. According to the proposed structure, investors would benefit not only from potential CRO price appreciation but also from passive income generated through staking. This approach combines capital gains potential and recurring yield under a single ETF structure. For investors interested in passive income strategies and staking-based returns, this model stands out as a more innovative and multi-dimensional alternative compared to traditional spot ETFs.
Truth Social Bitcoin and Ether ETF
The second filing is for the Truth Social Bitcoin and Ether ETF. This fund is designed to track the combined price performance of Bitcoin and Ethereum. Additionally, the structure intends to incorporate Ethereum staking rewards into the fund. This would allow investors to gain exposure not only to the market movements of the two largest cryptocurrencies but also to Ethereum’s staking-based yield. As such, the product represents a hybrid model that goes beyond the traditional spot ETF framework.
Crypto.com Partnership and Regulatory Process
Under the proposed structure, digital asset custody, liquidity provision, and staking services are expected to be handled by Crypto.com. The ETFs would be offered to investors through its affiliated broker-dealer, Foris Capital US LLC. However, the funds cannot officially begin trading without SEC approval. The regulator’s review will cover multiple aspects, including fund structure, staking mechanisms, and investor protection safeguards. This evaluation process will be the most critical factor determining the launch timeline.
A New Wave of Competition in Crypto ETFs?
The spot ETF applications covering Bitcoin, Ethereum, and Cronos (CRO) could spark a new competitive wave in the U.S. crypto market. Particularly, integrating staking yield into an ETF format represents a shift beyond the traditional spot ETF model toward a more hybrid, income-focused investment product. This approach demonstrates that crypto assets can be integrated into institutional investment vehicles not only through price exposure but also through passive yield generation. The SEC’s decision will be pivotal—not only for these two funds but also for shaping the broader regulatory framework surrounding staking-based ETF models in the United States. The potential inclusion of altcoins like CRO in institutional products could mark a significant turning point for market dynamics and investor interest.
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