Trump-linked Truth Social seeks SEC approval for two crypto ETFs
Truth Social's asset manager filed for two new crypto ETFs, one for Bitcoin/Ether and one for staking CRO.Summary
Yorkville America Equities, the asset manager linked to Donald Trump's Truth Social brand, has filed registration documents with the SEC for two new cryptocurrency exchange-traded funds (ETFs). The first is the Truth Social Bitcoin and Ether ETF, offering exposure to the two largest cryptocurrencies. The second is the Truth Social Cronos Yield Maximizer ETF, which will invest in and stake CRO, the native token of Crypto.com’s Cronos blockchain, potentially offering yield through staking rewards. If approved, these ETFs would launch in partnership with Crypto.com, which would handle custody, liquidity, and staking services. This move expands Truth Social's digital asset ambitions, following earlier, yet-to-launch filings for a spot bitcoin ETF and a blue-chip digital asset ETF. President Trump's personal business ties to crypto remain a point of political contention regarding broader crypto regulation.
(Source：CoinDesk)