Truth Social Seeks SEC Approval for Two Cryptocurrency ETFs

Truth Social has submitted registration documents to the SEC for two cryptocurrency exchange-traded funds under its brand. The filings include a Truth Social Bitcoin and Ethereum ETF alongside a Truth Social Cronos Yield Maximizer ETF that would generate returns through staking rewards. The Bitcoin and Ethereum fund aims to track performance of both assets, with an expected 60-40 split favoring Bitcoin.

Crypto.com will serve as digital asset custodian, liquidity provider, and staking services administrator for both products if approved. Foris Capital US LLC, the SEC-registered broker-dealer affiliated with Crypto.com, would handle distribution responsibilities.

The Cronos-focused ETF represents a notable development for its inclusion of yield-generating mechanisms. The fund would invest in and stake Cronos tokens, earning rewards by helping secure the proof-of-stake Cronos blockchain network.