Trump's Truth Social applies to launch two cryptocurrency ETFs

According to market news, Yorkville America Equities, the asset management company behind the Truth Social brand, has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch two cryptocurrency ETF products. These two products are the Truth Social Bitcoin and Ethereum ETF and the Truth Social Cronos Yield Maximization ETF.

The Cronos Yield Maximization ETF will invest in and stake CRO tokens, aiming to generate additional income through staking rewards. If approved, these ETFs will be launched in collaboration with Crypto.com, which will provide custody, liquidity, and staking services, and will be distributed through its affiliate Foris Capital US LLC.