The company owned by the US President, Trump Media & Technology Group, has filed documents with the United States Securities and Exchange Commission (SEC) to launch two crypto-related exchange-traded funds (ETFs) under the Truth Social Funds brand.
The proposed products include an ETF that tracks a combination of Bitcoin (BTC) and Ethereum (ETH), as well as another ETF focused on Cronos (CRO).
The Bitcoin and Ether ETFs not only target the potential upside of the world's two largest digital assets, but also include staking rewards for Ethereum as an additional source of income.
Meanwhile, the Cronos ETF is designed to maximize returns through price performance and staking revenue of the token.
If approved, Trump Media will partner with crypto exchange platform Crypto.com to provide asset custody, liquidity and staking services.
Each fund is expected to charge a management fee of around 0.95 percent per annum.
Interestingly, the move comes as Bitcoin spot ETFs in the US are facing selling pressure.
Market data shows four consecutive weeks of fund outflows, with about $360 million being withdrawn in the most recent week alone.
In fact, the previous few days saw large withdrawals of $817.87 million, $509.70 million and $544.94 million in short periods, reflecting investor sentiment that remains cautious about the crypto market.
Nevertheless, Trump Media’s entry into the crypto ETF arena shows confidence that digital assets still have room for growth in the long term.
Despite the current uncertainty, the move shows that crypto continues to be a key focus of modern investment strategies that combine the potential for capital growth and passive income in one product.
