Truth Social Funds has submitted registration statements to the U.S. Securities and Exchange Commission (SEC) for two digital asset exchange-traded funds (ETFs) tied to bitcoin, ethereum, and cronos, incorporating staking rewards into the structure. The proposed products are the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF. Both are subject to SEC review and are not yet effective, meaning shares cannot be sold until approval is granted.
Portfolio Breakdown: BTC+ETH Combo and CRO Single-Asset ETF
The Bitcoin and Ether ETF aims to track the combined performance of bitcoin (BTC) and ether (ETH), plus staking rewards associated with ETH. The filing outlines a target allocation of approximately 60% bitcoin and 40% ethereum, with staking layered on top for yield potential. Separately, the Cronos Yield Maximizer ETF focuses on cronos (CRO), the native token of the Cronos ecosystem, capturing both price appreciation and staking income—essentially price action with a yield kicker.
Key Partners and Fee Structure
Both ETFs will be advised by Yorkville America Equities LLC and carry a management fee of 0.95%. Truth Social Funds is partnering with Crypto.com, which is expected to serve as digital asset custodian, liquidity provider, and staking services provider, subject to regulatory approval. Shares will be offered through Crypto.com's broker-dealer, Foris Capital US LLC, and are expected to trade on a national exchange with creation units structured in large blocks typical of ETF mechanics.
Regulatory Context and Risks
These filings build on earlier crypto ETF proposals from Truth Social's parent, Trump Media & Technology Group, which faced delays in 2025. The new structure leans heavily into staking, an area where regulators have shown caution, especially for funds holding assets beyond Bitcoin and Ether. The registration statement also outlines risks including market volatility, cybersecurity threats, staking-related penalties, and regulatory uncertainty. The funds seek regulated investment company (RIC) status for tax purposes, though qualification is not guaranteed.
The broader backdrop is a maturing crypto ETF market following SEC approvals of spot bitcoin funds in 2024 and ethereum products in 2025. Staking-enabled ETFs remain relatively rare, and altcoin-focused funds often draw closer scrutiny. Truth Social's proposal places the debate over how far crypto ETFs can go—pure price tracking versus yield-driven products—squarely before the SEC.