Both funds carry a proposed management fee of 0.95%.
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The Backstory
Truth Social first filed for a standalone Bitcoin ETF in June 2025, followed by a combined BTC-ETH fund the same month and a "Crypto Blue Chip" ETF in July 2025 that would allocate 70% to Bitcoin, 15% to ether, 8% to Solana, 5% to CRO, and 2% to XRP.
The SEC has delayed its decision on each of those filings multiple times, most recently pushing the BTC-ETH ETF deadline to October 2025.
None of the earlier proposals have been approved.
The persistent inclusion of CRO - a mid-cap token with limited ETF precedent - is notable given TMTG's deepening commercial relationship with Crypto.com.
The exchange already supports Trump Media's Bitcoin treasury initiative and is involved in a joint prediction market venture.
The Conflict Question
The filings raise familiar governance questions about a sitting president's media company seeking SEC approval for financial products.
At least one public comment letter on the earlier BTC-ETH proposal urged the SEC to deny it, citing concerns that approval could erode public confidence in the agency given Trump's personal cryptocurrency ventures, including the TRUMP memecoin and the World Liberty Financial DeFi project.
The SEC has not publicly addressed those concerns.
The agency's timeline for reviewing the new filings has not been disclosed.
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Kostiantyn Tsentsura is a Content Writer at Yellow.com with over 8 years of experience in crypto, dedicating the last 4 years to writing about the industry. Based in Kyiv, he’s passionate about football, fishing, and kayaking. When he’s not tracking market trends or exploring crypto news, you’ll find him on the water—because even in crypto, sometimes it’s best to just go with the flow.