Introducing the BT – Trust: A Passive Bet on Top Cryptos

The ETF, titled Truth Social Crypto Blue Chip ETF (BT – Trust), aims to track the performance of leading digital assets in a passive investment structure. The trust will hold a diversified portfolio of five major cryptocurrencies, designed to reflect their market movements proportionally.

Initial allocation breakdown includes:

• 70% Bitcoin (BTC)

• 15% Ethereum (ETH)

• 8% Solana (SOL)

• 5% Cronos (CRO)

• 2% Ripple (XRP)

The allocation ratio may change over time, subject to regulatory approval, and any amendments will be disclosed via prospectus updates and filings in accordance with U.S. securities law.

Structure and Oversight

Although BT – Trust functions as an investment vehicle, it is not registered under the U.S. Investment Company Act of 1940. Additionally, the sponsor of the trust is not SEC-registered as an investment adviser. This setup allows for greater operational flexibility and potentially lower costs for investors.

Yorkville America Digital LLC will sponsor the trust. Foris DAX Trust Company is appointed as the digital asset custodian, while a separate firm will manage the trust’s cash reserves.

A New Contender in the ETF Race

Truth Social’s entry into the ETF space underscores the growing competition in crypto investment products. Notably, the inclusion of Solana, XRP, and Cronos sets this ETF apart from many of its peers that focus solely on Bitcoin and Ethereum.

If approved, the fund will offer investors broad exposure to multiple high-cap digital assets through a single product—catering especially to institutional investors seeking compliant and efficient crypto access.

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According to the May 6 statement, the product enables exposure to CRO via traditional banks and brokers, removing the need for direct crypto wallet or exchange handling.

“With the Cronos ETP, we’re providing investors with regulated access to a blockchain ecosystem that is seeing real-world adoption,” said Mandy Chiu, Head of Product Development at 21Shares.

Cronos Ecosystem and Market Outlook

Cronos is a layer-1 blockchain that integrates with Ethereum and Cosmos, supporting DeFi, NFTs, and Web3 applications. Backed by Crypto.com, Cronos has a market cap of $2.3 billion and a fully diluted valuation of nearly $8.7 billion, according to CoinMarketCap.

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Data from DeFiLlama shows Cronos’ total value locked (TVL) stands at around $400 million. One of its core products, Crypto.com Staked ETH, accounts for nearly $64 million in TVL.

Surge In Altcoin Investment Products

Just a day earlier, VanEck filed in the US to launch an ETF for BNB, the native token of the Binance-affiliated BNB Chain. This marks the first US ETF filing for BNB.

21Shares has also submitted ETF proposals for Dogecoin, Polkadot, and Solana in the United States. In total, the SEC is reviewing over 70 cryptocurrency ETF applications.

The recent wave of filings follows President Donald Trump’s shift toward a more crypto-friendly regulatory stance, significantly easing industry expectations around ETF approvals.

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Bitcoin Intraday Key Levels

The BTC/USDT pair has lost 2.03% in value over the last 24 hours and is currently trading at $93,997. Bitcoin (BTC) has lost the previously mentioned $94,700 support level. If it starts rising again, the resistance level is $94,700. The support levels are $93,138 and $92,503, respectively.

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Ethereum (ETH): The ETH/USDT pair has lost 0.42% in the last 24 hours and is currently trading at $3,393. The resistance levels for ETH are $3,440, followed by $3,535. The support levels are $3,290 and $3,217.

Zcash (ZEC): The ZEC/USDT pair has gained 14.08% in the last 24 hours and is currently trading at $69.23. The resistance levels for ZEC are $74.61 and later $79.37. The support levels are $67.36 and, in case of a deeper decline, $63.17.

Bittensor (TAO): The TAO/USDT pair has gained 7.37% in the last 24 hours and is currently trading at $493.29. The resistance levels for TAO are $507.6, followed by $529.4. The support levels are $438.7 and, if the decline deepens, $398.8.

Cronos (CRO): The CRO/USDT pair has gained 2.49% in the last 24 hours and is currently trading at $0.1599. The resistance levels for CRO are $0.1624 and later $0.1711. The support levels are $0.1523 and, in case of a deeper decline, $0.1432.

Trending Coins

The most trending coins in the crypto market in the last 24 hours are RabBitcoin (RBTC), Pudgy Penguins (PENGU), and Koma Inu (KOMA). The top gainers include Horizen (ZEN), Supra (SUPRA), and Fartcoin (FARTCOIN). On the other hand, the biggest losers are Moca Coin (MOCA), Ethena (ENA), and Fantom (FTM).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, the most notable liquidation on the upper side is at $94,885 with $23.65 million. On the lower side, a significant liquidation is at $92,973 with $20.88 million.

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This move is part of Google Cloud’s expansion into Web3, aiming to provide developers with the infrastructure needed to build decentralized applications. The collaboration with Cronos Labs will enhance the security of the blockchain network and increase developer engagement.

Rishi Ramchandani, Head of Web3 APAC at Google Cloud, stated that the partnership will accelerate innovative projects in the Web3 space. Google Cloud’s robust infrastructure and AI capabilities will enable blockchain developers to create more efficient applications.

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This move by Google Cloud highlights the growing interest of major technology giants in the Web3 space. As the participation of blockchain and crypto companies increases, Google Cloud’s leadership could be a key milestone in this rapidly expanding sector.

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The Cronos Spring Odyssey is not only the first campaign post-Galxe integration but also a pioneer in promoting active user participation across the Cronos ecosystem. The campaign has already attracted 30 different projects encompassing areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), memecoins, and gaming. Notable Cronos-based projects like Veno, Orby, Croskulls, CorgiAI, and Bored Candy are participating, offering a wide array of interactions for users.

Starting on April 22, the campaign will run for six weeks, concluding on May 31. Participants are encouraged to complete a variety of pre-defined social and on-chain tasks to win attractive prizes. Including tokens and exclusive NFTs.

A Deep Dive into Campaign Mechanics and Themes

The Cronos Spring Odyssey introduces a structured theme-based approach to its campaign. Every ten days, a new theme will be launched, focusing sequentially on DeFi, NFTs, Memecoins, and Gaming. This structure challenges users to engage in specific tasks like swapping, staking, lending, and borrowing, tailored to each theme’s unique aspects.

Moreover, the campaign is designed to incentivize participation with a dual reward system. By completing themed quests. Users can earn unique NFTs, adding an additional layer of excitement and reward to the user experience. This gamified interaction not only encourages deeper involvement but also showcases the diverse applications and projects within the Cronos ecosystem.

Galxe’s Role in Promoting Web3 Community Growth

Galxe stands at the forefront of web3 community development, boasting over 14 million unique users and partnerships with more than 4,600 blockchain entities. Through its innovative reward-based loyalty programs, Galxe has significantly contributed to the growth and visibility of multiple blockchain platforms. The Cronos Spring Odyssey campaign utilizes this platform’s extensive reach and capabilities to enhance user engagement and educate participants on the rich opportunities available within the Cronos ecosystem.

Conclusion: Enhancing User Engagement through Strategic Integration

The integration of Cronos with Galxe through the Spring Odyssey campaign. Demonstrates the power of strategic partnerships to enhance user interaction and education in the blockchain space. This collaboration serves as a prime example of leveraging relationships to boost user engagement. By launching a well-structured, thematic, and reward-rich campaign, Cronos actively seeks to strengthen its community. Additionally, the campaign aims to showcase the versatility and potential of the Cronos blockchain network. Participants will embark on an enriching journey through the web3 space. As they explore the dynamic world of Cronos and its myriad projects, they will gain both knowledge and rewards.

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