President Trump’s Truth Social Is Not Done With Crypto ETFs – Files 3 New ETFs

Truth Social filed new Bitcoin, Ether, and Cronos exchange-traded funds (ETFs) proposals as U.S. lawmakers debated the Digital Asset Market CLARITY Act.

• Bloomberg ETF analyst Eric Balchunas said that Truth Social filed new Bitcoin, Ether, and Cronos-linked ETF proposals on Friday.
• Yorkville America Equities submitted the filings, expanding on Truth Social’s earlier spot Bitcoin and blue-chip crypto ETF plans.
• The new Truth Social Cronos Yield Maximizer ETF is an expansion of Trump Media’s ties with Crypto.com that began in August last year. 

Truth Social, Trump’s social media platform, expanded its push into digital assets, filing for two new exchange-traded funds (ETFs) tied to Bitcoin and Ethereum, Bloomberg ETF analyst Eric Balchunas said on Friday.

Yorkville America Equities, the asset manager behind a series of ETFs tied to U.S. President Donald Trump’s Truth Social brand, submitted the registration documents for the new products. According to Balchunas, the filings include the “Truth Social Cronos Yield Maximizer ETF” and the “Truth Social Bitcoin and Ether ETF.” Neither of those earlier funds has launched yet. The proposed Bitcoin and Ether ETF would provide exposure to the two largest cryptocurrencies by market capitalization.