Truth Social Funds, part of Trump Media and Technology Group, has filed with the U.S. Securities and Exchange Commission for two new cryptocurrency exchange-traded funds. One ETF will track Bitcoin and Ethereum, while the other focuses on CRO, the native token of Cronos. The filings continue President Trump's company's push into the crypto sector.
Truth Social Funds, an ETF issuer affiliated with Trump Media and Technology Group—of which President Donald Trump is the majority owner—announced on Friday that it had submitted a registration statement to the U.S. Securities and Exchange Commission for two digital asset ETFs. The 'Truth Social Bitcoin and Ether ETF' aims to provide investors with exposure to the performance of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. The 'Truth Social Cronos Yield Maximizer ETF' will track the performance of CRO, the native token of the Cronos blockchain.
Crypto.com is partnering with Trump Media to launch these products, as stated in the announcement. This follows a deal struck last year between the two companies to introduce ETFs, which drew criticism after news emerged that 70 billion previously destroyed CRO tokens would be reissued. Trump Media also announced plans last year to establish a CRO digital asset treasury and filed for another Bitcoin ETF as well as a fund tracking a basket of cryptocurrencies.
The broader crypto ETF market is competitive, with established offerings from asset managers like BlackRock, Fidelity, and Grayscale already available. Crypto.com co-founder and CEO Kris Marszalek commented, “These two digital asset ETFs have a strong value proposition that Crypto.com is supportive of and look forward to providing traders access to.”
These filings align with the Trump family's expanding involvement in cryptocurrency ventures, including World Liberty Financial, a decentralized finance product backed by Trump and his sons. A January report in The Wall Street Journal noted that the Trump Administration had agreed to provide the United Arab Emirates access to American-made AI chips in exchange for investment in that project. Democrats have criticized these moves, accusing the president's family of profiting from such business activities.
