Trump Media & Technology Group Resubmits ETF Application, Plans to Launch Cronos (CRO) ETF

BlockBeats News, February 14th, after the US Securities and Exchange Commission delayed multiple cryptocurrency ETF proposals, the Trump Media and Technology Group resubmitted the application on Friday to launch a Bitcoin and Ethereum ETF.

The company also plans to launch the Truth Social Cronos Yield Maximizer ETF, which will track the native token CRO of the cryptocurrency exchange platform Crypto.com closely related to the Trump family.

Despite the SEC significantly speeding up the approval process for crypto ETFs, the agency delayed decisions on multiple proposals in August last year, including a series of Truth Social funds. Currently, only a few funds involving underlying asset staking have been approved, while funds tracking small-cap meme coins still face challenges in being listed.

If approved, Truth Social's new ETF will charge a 0.95% management fee. Purchases will be facilitated through Foris Capital US LLC, a broker-dealer of Crypto.com.