Trump Media & Technology Group, the media company named after former US President Donald Trump, is increasing its moves in the cryptocurrency field. The company has filed an application with the US Securities and Exchange Commission (SEC) for two new exchange-traded funds (ETFs) focused on Bitcoin, Ethereum and Cronos. The ETFs in question aim to provide returns to investors through both price tracking and staking income.
Details and Partnerships in New Crypto ETFs
The first of the new products will be a fund that hosts Bitcoin and Ethereum together. This fund is structured to keep approximately 60 percent of the overall portfolio in Bitcoin and 40 percent in Ethereum, and the Ethereum portion will generate extra returns by staking. The second ETF will be offered under the name Cronos Yield Maximizer, which focuses on Cronos and aims to generate income through staking. While both funds include an annual management fee of 0.95 percent, Crypto.com will be responsible for storing crypto assets and liquidity management in the funds.
The funds will be managed by Yorkville America Equities and offered to investors through Foris Capital. The collaboration between Trump Media and Crypto.com is not new; The two companies had previously partnered to develop a Cronos-focused treasury management tool in late 2023.
A Risk-Taking Strategy Despite Market Dynamics
At the time of the application’s launch, there were four consecutive weeks of outflows from spot Bitcoin ETFs in the US, with total outflows exceeding $360 million. However, Trump Media’s management team continues to take a long-term strategic view of digital assets. In this period when the market is volatile, the search for differentiation in the market with the staking and return-oriented structure of the funds comes to the fore.
According to the statement made by the company, new ETFs are not just passive instruments open to price movements; It will especially appeal to active investors and benefit from staking opportunities in blockchain networks.
Trump Media management stated that with this move, they adopted an America-centered strategy in digital assets and focused on long-term growth.
Structure Focusing on Staking Returns and Cronos
These projects, which will be carried out on the Truth Social platform, offer a model that differs from the classical ETF concept. The fund, specifically focused on Cronos, emphasizes its close cooperation with the Crypto.com ecosystem and aims to generate additional income through the CRO token.
It is observed that large funds in the market have not fully withdrawn from their total crypto assets despite the fluctuations, while some large asset management companies see low prices as a buying opportunity. It is stated that Trump Media, in parallel with this trend, is following a path that deepens its relationship with the sector.
In general, the funds offered by the company will be offered to investors with more active and differentiated return opportunities than the classic Bitcoin and Ethereum spot ETFs.
