US President Donald Trump’s media company, Trump Media & Technology Group, has submitted the necessary documentation to the Securities and Exchange Commission (SEC) to establish two new exchange-traded funds (ETFs) centered around significant cryptocurrencies.

According to a recent announcement from its Truth Social Funds division, the firm seeks to introduce the Truth Social Bitcoin (BTC) and Ether (ETH) ETF, along with the Truth Social Cronos (CRO) Yield Maximizer ETF. The application is pending and will be subject to SEC examination.

“We plan to provide an investment platform for investors covering multiple aspects of digital and crypto investing with both capital appreciation and income opportunities,” — Steve Neamtz, President of Yorkville America Equities

The ETFs will be jointly developed with Crypto.com, the cryptocurrency exchange anticipated to offer custody, liquidity, and staking services pending regulatory approval. Investors will have access through the Foris Capital US LLC broker-dealer, with each product charging a management fee of 0.95%.

Proposed ETFs to Track BTC, ETH, and CRO with Staking Rewards

The Bitcoin and Ether ETFs aim to reflect the combined performance of the two dominant cryptocurrencies by market capitalization while also capturing staking rewards provided by Ether. Conversely, the Cronos Yield Maximizer ETF is intended to follow the performance of CRO, the native token of the Cronos blockchain by Crypto.com, inclusive of staking income.

Trump Media, recognized for its operation of the Truth Social network, has been increasingly engaging in cryptocurrency initiatives. In April of the previous year, Trump Media uncovered a partnership with Crypto.com and Yorkville America Digital to create a set of ‘Made in America’ ETFs combining digital and traditional securities across various sectors, including energy.

In September, the company also secured an agreement with Crypto.com to develop a joint treasury entity aimed at accumulating CRO tokens, initiating with a purchase of approximately 684.4 million CRO for about $105 million via a mix of shares and cash.

Spot Bitcoin ETFs Experience Consecutive Outflows

Spot Bitcoin ETFs have experienced four successive weeks of net outflows, with recent data indicating $360 million in withdrawals, according to information from SoSoValue.

The figures also reveal inconsistent but negative flows during late January and early February. The largest new outflows occurred on January 29 at $817.87 million, January 30 at $509.70 million, and February 4 at $544.94 million. On the other hand, inflows were smaller, with only $15.20 million entering on the most recent Friday.