Truth Social Funds Seeks BTC-ETH Split ETF and CRO Staking Product, Names Crypto.com as Custodian

Trump Media’s Truth Social Funds moved to extend its crypto lineup, filing for two exchange-traded funds that lean into yield and beta in different ways: a Cronos-focused “Yield Maximizer” and a joint Bitcoin-Ethereum product with a planned 60-40 tilt toward BTC. Both registrations name Crypto.com as the digital asset custodian and staking services provider.

What’s in the filings - Truth Social Cronos Yield Maximizer ETF: Built to track the performance of Cronos (CRO), the native token of the Crypto.com-linked Cronos blockchain, while incorporating native and liquid staking to enhance yield. - Truth Social Bitcoin and Ether ETF: A combined vehicle intended to mirror the performance of Bitcoin (BTC) and Ethereum (ETH) with an approximate 60% BTC and 40% ETH allocation. The filing indicates staking rewards from the ETH sleeve would be passed through to fund holders.

Crypto.com, whose CEO Kris Marszalek said the firm will provide custody, liquidity, and staking support, is slated to handle the key operational rails. Yorkville America Equities is listed as adviser to both funds, aligning with Truth Social Funds’ “America first” positioning that already includes a red state real estate ETF, an American security and defense strategy, and an “American Icons” basket of large-cap U.S. brands such as Walmart, McDonald’s, and Home Depot.

These submissions follow earlier Trump Media-linked applications for a spot Bitcoin ETF last June and a “crypto blue chip” fund targeting BTC, ETH, Solana (SOL), XRP, and CRO. Those products could debut in the coming months, per Bloomberg ETF analyst Eric Balchunas.

The real swing: staking inside an ETF wrapper The distinctive bet here is not simply offering BTC and ETH exposure—it’s encoding staking economics into regulated funds. That design choice is where this could rise or fall.

- Mechanics and tracking: Routing ETH staking rewards to shareholders and combining native and liquid staking for CRO may improve gross yield, but it also adds moving parts that can widen tracking error versus spot benchmarks. Validator selection, slashing risk, downtime, and variable reward rates introduce operational dispersion that plain-vanilla spot ETFs avoid. Liquid staking helps with flexibility, yet it layers smart contract and liquidity risks into the vehicle’s plumbing.

- Single-provider concentration: Relying on Crypto.com for custody and staking creates efficiency and brand cohesion with Cronos, though it concentrates counterparty, validator, and operational risk in a single stack. Some institutional allocators prefer segregated roles to reduce correlated failure modes.

- Investor psychology and distribution: Yield can be a powerful on-ramp. Many investors anchor on distributable income, even in volatile assets. A CRO “Yield Maximizer” and an ETH-staking share class may resonate with investors conditioned by dividend screens or covered-call ETFs. The flip side is expectations management—staking income can compress as network conditions shift, and headline “yield” may distract from the core beta and drawdown profile.

- Business positioning: In a market where spot BTC ETF fees have been competed down, yield-aware structures are a defensible differentiator. If approved, Truth Social Funds would have a story that goes beyond exposure: a packaged access point to on-chain economics without private keys. The partnership also deepens Crypto.com’s institutional footprint, turning its consumer brand into infrastructure for public funds.

- Policy and compliance considerations: Staking inside registered funds remains a live area for regulators. Depending on final prospectus language, custodial segregation, and how staking rewards are handled in NAV and distributions, there could be additional scrutiny. That does not preclude approval, but it can extend timelines and shape risk disclosures.

Market context Trump Media (DJT), the parent of Truth Social, saw its shares finish Friday up roughly 0.9% at $10.98, though the stock is down nearly 39% over the past six months. The filings add to a pipeline that, if it clears review, could position the issuer with both mainstream beta (BTC/ETH 60-40) and a higher-octane CRO yield play—distinct offerings in a crowded ETF shelf that often competes on fees alone.

If these funds make it to market as drafted, the test will be straightforward: do investors value the convenience of regulated staking exposure enough to accept the added complexity and provider concentration that come with it.