Is Trump Media Good for Crypto After All? Files for Bitcoin, Ether, and Cronos ETFs
Trump Media files for new crypto ETFs tied to Bitcoin, Ether, and Cronos, an yield-driven move that could reshape its asset strategy.
Is Trump Media Good for Crypto After All? Files for Bitcoin, Ether, and Cronos ETFs
Trump Media files for new crypto ETFs tied to Bitcoin, Ether, and Cronos, an yield-driven move that could reshape its asset strategy.
TMTG filed for a blended Bitcoin/Ether fund and a specialized Cronos Yield Maximizer ETF.
Both funds propose a 0.95% management fee, with Crypto.com providing custody and liquidity services.
The move defies current trends, as Bitcoin ETFs recently saw heavy outflows totaling over $360 million.
Truth Social Expands Crypto ETFs Footprint Amid Desperate Market
The new ETFs would be managed by Yorkville America Equities and offered through Foris Capital. More interesting though is the deeper link with Crypto.com.
Back in September, they teamed up to build a treasury vehicle focused on accumulating CRO. So this is not random.
The timing is intersting. U.S. spot Bitcoin ETFs have seen four straight weeks of outflows. That tells you institutions are cautious right now.
Big asset managers are not leaving the space. Some are still quietly increasing exposure, treating this dip as a longer term opportunity. Trump Media seems to be doing exactly that.
#bitcoin #ether #Cronos