.Trump Media & Technology Group Files SEC Registration for New Crypto‑Linked ETFs
February 14, 2026 – New York – Trump Media & Technology Group (TMTG), the parent company of the Truth Social platform, lodged a registration statement with the U.S. Securities and Exchange Commission on Friday for a trio of exchange‑traded funds that would give investors exposure to the two largest digital assets and to Crypto.com’s native token, Cronos (CRO).
The filing, announced by the firm’s Truth Social Funds division, proposes the “Truth Social Bitcoin (BTC) and Ether (ETH) ETF” and the “Truth Social Cronos (CRO) Yield Maximizer ETF.” The proposals are still subject to SEC review and have not yet been approved for launch.
Structure of the proposed products
| ETF | Underlying exposure | Additional features | Fee |
|---|---|---|---|
| Truth Social Bitcoin & Ether ETF | Combined performance of Bitcoin (BTC) and Ether (ETH) | Captures staking rewards generated by Ether | 0.95% annually |
| Truth Social Cronos Yield Maximizer ETF | Performance of CRO, the token of Crypto.com’s Cronos blockchain | Includes income from CRO staking | 0.95% annually |
Both funds would be managed under the advisory of Yorkville America Equities, with Steve Neamtz, president of the firm, stating that the offerings are intended to provide “both capital‑appreciation and income opportunities” for investors interested in digital assets.
The operational backbone of the ETFs would rely on a partnership with Crypto.com. The exchange is expected to supply custody, liquidity and staking services, pending regulatory clearance. Investors would access the funds through Crypto.com’s broker‑dealer, Foris Capital US LLC.
Strategic background
TMTG’s push into cryptocurrency products follows a series of initiatives launched over the past two years:
- April 2024 – A “Made in America” ETF series was announced in collaboration with Crypto.com and Yorkville America Digital, blending digital assets with traditional equities across sectors such as energy.
- September 2024 – TMTG and Crypto.com created a joint treasury entity to amass CRO holdings. The initial purchase involved roughly 684 million CRO, valued at about $105 million, financed through a combination of TMTG stock and cash.
- Early 2025 – The company introduced reward‑token mechanisms on its Truth Social platform, further integrating crypto incentives with its social media ecosystem.
These moves illustrate a broader strategy to diversify revenue streams and position TMTG as a player in the rapidly evolving digital‑asset space.
Market context
The timing of the filing coincides with a turbulent period for spot Bitcoin ETFs. Data compiled by SoSoValue indicate four consecutive weeks of net outflows from U.S. spot Bitcoin ETFs, with a recent $360 million withdrawal tally. Large single‑day redemptions—$818 million on Jan. 29 and $545 million on Feb. 4—highlight investor wariness amid a volatile crypto market.
At the same time, the broader ETF sector continues to see robust inflows, especially into funds that combine traditional assets with crypto exposure. Industry analysts suggest that products offering a blend of price appreciation and staking‑derived yield, like the proposed CRO Yield Maximizer, could appeal to investors seeking higher income in a low‑rate environment.
Regulatory outlook
The SEC has taken a cautious stance toward crypto‑linked ETFs, scrutinizing issues ranging from market manipulation to custody safeguards. While the agency has already approved several spot Bitcoin ETFs, it has yet to endorse a spot Ether ETF. The inclusion of staking rewards adds another layer of complexity, as it involves the underlying protocol’s operational risk and the need for reliable custodial arrangements.
TMTG’s reliance on Crypto.com for custody and staking could work in its favor, given the exchange’s established compliance infrastructure. However, the SEC’s final determination will hinge on whether the filing satisfies the commission’s standards for investor protection, transparency, and market integrity.
Analyst perspectives
- David Liu, senior analyst at Beacon Crypto Research: “The combination of a BTC‑ETH basket and a staking‑focused CRO product is novel for a media‑centric company. If approved, these ETFs could provide a convenient, regulated gateway for retail investors who are otherwise hesitant to hold crypto directly.”
- Marina Patel, ETF strategist at Global Asset Management: “Management fees of 0.95% are in line with other crypto‑ETF offerings, but the real test will be liquidity. Crypto.com’s market‑making capabilities will be critical to keep spreads tight, especially for the CRO fund, which trades on a less liquid blockchain.”
- James O’Hara, former SEC adviser: “Regulators will be looking closely at the staking component. Unlike a simple price‑tracking fund, staking introduces an element of operational risk that must be fully disclosed and mitigated.”
Key takeaways
- TMTG seeks SEC approval for three crypto‑linked ETFs: a BTC‑ETH dual fund and a CRO Yield Maximizer, each with a 0.95% expense ratio.
- Crypto.com will provide custody, liquidity and staking services, positioning the funds as a bridge between traditional finance and decentralized finance.
- Yorkville America Equities acts as investment adviser, emphasizing both growth and income potential for investors.
- The filing arrives amid net outflows from spot Bitcoin ETFs, suggesting a possible demand for diversified crypto products that also offer yield.
- Regulatory scrutiny remains high, particularly around the staking feature and the use of a non‑U.S. based token (CRO) in a U.S. registered fund.
- If cleared, the ETFs could expand TMTG’s brand beyond social media, reinforcing its ambitions in the digital‑asset arena.
TMTG has not disclosed a target launch date, and the SEC’s review timeline is uncertain. Stakeholders will be watching the filing closely as a barometer for how the commission treats next‑generation crypto ETFs that blend price exposure with on‑chain yield generation.
Source: https://cointelegraph.com/news/trump-media-files-crypto-etfs-bitcoin-ether-cronos-sec?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
