Trump Media Files For Cronos, Bitcoin‑Ether ETFs With Staking Focus
Analysis
Price Impact
HighThe filing by trump media for cronos, bitcoin, and ethereum etfs, especially with a staking component for eth and cro, introduces new regulated investment vehicles. this move, linked to a high-profile entity, could significantly increase mainstream adoption and capital inflow into these assets, particularly given the success of existing spot btc etfs.
Trustworthiness
HighThe provided text emphasizes a strict editorial policy, expert review, and high standards in reporting and publishing, indicating a reliable source of information.
Price Direction
BullishNew etf filings, particularly from a high-profile entity like trump media, often act as a bullish catalyst by potentially opening doors for broader institutional and retail investment. the inclusion of staking yields for eth and cro further enhances their appeal, offering an income stream to investors in these funds.
Time Effect
LongThe process of sec approval for etfs can be lengthy, and the full impact of new investment products on market liquidity and adoption typically unfolds over an extended period as funds gradually attract assets under management.
Original Article:
Article Content:
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Companies linked to President Donald Trump are expanding their presence in the cryptocurrency industry, with the Trump Media & Technology Group taking another formal step into digital asset markets. Truth Social Funds, an affiliate of Trump Media, has submitted a registration statement to the US Securities and Exchange Commission (SEC) seeking approval to launch two new cryptocurrency exchange‑traded funds (ETFs). Trump Media Latest Crypto Proposal The filings outline plans for Crypto.com’s native token, Cronos (CRO), the Cronos Yield Maximizer ETF, and the Bitcoin (BTC) and Ethereum (ETH) ETFs. Related Reading Standard Chartered Lowers Bitcoin Forecast: Predicts Price Dive To $50,000 Before Rebound 9 hours ago The Cronos-focused product is designed to provide exposure to CRO, the native token of the Cronos blockchain, while also capturing staking rewards associated with holding the asset. The second fund would track the performance of Bitcoin and Ethereum, the two largest cryptocurrencies by market value, and incorporate Ether staking yields into its strategy. Under the proposed structure, Crypto.com would play a central operational role. The digital asset platform is set to provide custody, liquidity, and staking services for the funds. Meanwhile, Yorkville America Equities has been named as the investment adviser, with the filings indicating a 0.95% annual management fee. Bitcoin Struggles Below $70,000 Friday’s announcement builds on a broader strategic partnership formed last year between Trump Media and Crypto.com. As part of that agreement , Trump Media was set to acquire 684.4 million Cronos (CRO) tokens at an approximate price of $0.153 per token. The transaction was structured as a 50% stock and 50% cash exchange and included the creation of a Trump Media Group CRO Strategy aimed at integrating Cronos into the company’s broader digital asset plans. Related Reading Cardano Founder Hoskinson Warns Of 90-180 Days Of Pain Ahead: Here’s Why 9 minutes ago The expansion into crypto-linked investment products comes at a time when Bitcoin continues to face technical resistance. Although the leading cryptocurrency has posted gains of roughly 5% over the past 24 hours, it remains unable to decisively break above the $70,000 level. Shares of Trump Media (DJT) also moved modestly higher during Friday’s trading session, rising about 2.5% to trade near $11.18. The daily chart shows BTC’s recovery toward $69,000 on Friday. Source: BTCUSDT on TradingView.com Featured image from OpenArt, chart from TradingView.com