Trump Media, the company owned by US President Donald Trump and the owner of the social network Truth Social, has filed documents with the US Securities and Exchange Commission (SEC) to register two cryptocurrency exchange-traded funds (ETFs).
The first fund, called the Truth Social Bitcoin (BTC) and Ether (ETH) ETF, aims to track the combined performance of the two largest cryptocurrencies by market capitalization. The fund promises rewards for staking Ether. The second fund, the Truth Social Cronos (CRO) Yield Maximizer ETF, focuses on the CRO token of the Cronos blockchain on the Crypto.com exchange. It also offers staking rewards.
The documents are currently under review by the SEC, and registration is not yet complete. If approved, the Crypto.com exchange will provide asset custody, liquidity, and staking services. Investors will be able to access the ETF through broker-dealer Foris Capital US. The management fee for the funds will be 0.95%.
In April 2025, Trump Media announced a partnership with Crypto.com and Yorkville America Digital to launch several exchange-traded funds (ETFs) under the “Made in America” slogan. In September, Trump Media reached an agreement with Crypto.com to create a joint reserve of CRO tokens. The plan was to purchase approximately 684.4 million CROs ($105 million). The parties intended to pay for the tokens partly in shares and partly in cash.
In February, Trump Media announced the issuance of tokens that shareholders will be able to obtain through the crypto exchange Crypto․com: one token is promised for each share. Token holders will not be able to transfer or sell them, but they can exchange them for bonuses within the company’s ecosystem. Cryptocurrency projects have generated nearly $1.5 billion in revenue for the Trump family during his first year in office.
