HomeCoinsLitecoinIs Trump Media Good for Crypto After All? Files for Bitcoin, Ether,...

Is Trump Media Good for Crypto After All? Files for Bitcoin, Ether, and Cronos ETFs

Trump Media is stepping deeper into crypto, and this time it is not subtle.

The company just filed with the SEC to launch two new crypto linked ETFs tied to Bitcoin, Ether, and even Cronos.

This is not just about tracking price either. The plan targets active traders who want exposure plus potential yield through staking rewards. It is an expansion of the so called America First strategy straight into digital assets.

Truth Social Expands Crypto ETFs Footprint Amid Desperate Market

The new ETFs would be managed by Yorkville America Equities and offered through Foris Capital. More interesting though is the deeper link with Crypto.com.

Back in September, they teamed up to build a treasury vehicle focused on accumulating CRO. So this is not random.

The timing is intersting. U.S. spot Bitcoin ETFs have seen four straight weeks of outflows. That tells you institutions are cautious right now.

Read More:  Solana Price Prediction: Did SOL Just Bottom at $100? Charts Now Point to a Mind-Blowing 200% Rally

Big asset managers are not leaving the space. Some are still quietly increasing exposure, treating this dip as a longer term opportunity. Trump Media seems to be doing exactly that.

Read More:  Heads Up! Bitcoin Enters Capitulation Mode, Trades In a ‘Phase That Rewards Discipline Over Prediction’

Staking Rewards and The Cronos Surprise

These are not basic spot ETFs. The structure is built for yield. The Truth Social Bitcoin and Ether ETF would hold roughly 60% BTC and 40% ETH, with a clear plan to stake the ETH portion and generate rewards.

Then there is the Cronos Yield Maximizer ETF. Pretty sound name if you ask me. It is designed to track CRO while also earning income through staking on the Cronos network.

That puts a direct spotlight on Crypto.com ecosystem exposure, not just Bitcoin and Ethereum.

Source: United States Securities and Exchange Commission

With a projected 0.95% management fee, these funds are positioning themselves as more active, premium vehicles rather than low cost, passive spot trackers.

The post Is Trump Media Good for Crypto After All? Files for Bitcoin, Ether, and Cronos ETFs appeared first on Cryptonews.

Facebook Comments Box

LATEST POSTS

Citadel-Backed Exchange Applies For US Trust Bank Charter

EDX Markets, a cryptocurrency exchange backed by Citadel Securities, has applied for a national trust bank charter with the Office of the Comptroller of the...

Most Popular