Trump Media is making a bold move into the crypto space by filing with the SEC to launch two new crypto-linked ETFs tied to Bitcoin, Ether, and Cronos. The plan targets active traders seeking exposure and potential yield through staking rewards, aligning with the America First strategy.

TMTG has filed for a blended Bitcoin/Ether fund and a specialized Cronos Yield Maximizer ETF, both proposing a 0.95% management fee with Crypto.com providing custody and liquidity services. This move defies recent trends of heavy outflows in Bitcoin ETFs, totaling over $360 million.

Managed by Yorkville America Equities and offered through Foris Capital, the new ETFs deepen the connection with Crypto.com, following their previous collaboration on a treasury vehicle focused on accumulating CRO. Amid four straight weeks of outflows in U.S. spot Bitcoin ETFs, Trump Media’s strategic move indicates a longer-term opportunity.

The structure of these new ETFs is designed for yield generation, with the Truth Social Bitcoin and Ether ETF holding 60% BTC and 40% ETH, staking the ETH portion for rewards. The Cronos Yield Maximizer ETF focuses on tracking CRO and earning income through staking on the Cronos network, highlighting exposure to the Crypto.com ecosystem.

With a 0.95% management fee, these funds aim to position themselves as active, premium vehicles rather than passive spot trackers. The move by Trump Media into the crypto ETF space raises questions about the impact on the market and investor sentiment, as institutions navigate cautious waters amidst recent outflows.

Read more at Yahoo Finance: Is Trump Media Good for Crypto After All? Files for Bitcoin, Ether, and Cronos ETFs