Trump's Truth Social Files for Bitcoin and Cronos ETFs with SEC
Trump Media & Technology Group filed SEC registration statements on February 13 for Bitcoin, Ether, and Cronos ETFs, appointing Yorkville America Equities as advisor and Crypto.com for custody.
BTC
ETH
CRO
Summary
On February 13, Trump Media & Technology Group (DJT) filed registration statements with the SEC for Bitcoin and Ethereum ETFs, as well as a "Truth Social Cronos Yield Maximizer ETF" tracking the CRO token. Yorkville America Equities serves as the investment advisor, while Crypto.com will provide custody and staking services. The Cronos ETF intends to generate yield through staking rewards, continuing the strategic expansion of Trump Media's digital asset initiatives.
Terms & Concepts
- Staking: A process where investors help secure proof-of-stake networks in exchange for earning rewards.
- Cronos (CRO): The native token of Crypto.com’s Cronos blockchain, used for transactions and staking within the network.
- ETF: Exchange-Traded Fund; an investment vehicle that tracks the performance of a specific asset or index.