On February 14, after multiple cryptocurrency ETF proposals were delayed by the U.S. Securities and Exchange Commission, Trump Media & Technology Group submitted a new application on Friday to launch a Bitcoin and Ethereum ETF. The company also plans to launch the Truth Social Cronos Income Maximization ETF, which will track the native token CRO of the crypto trading platform Crypto.com, closely associated with the Trump family. Although the SEC has clearly accelerated the approval process for crypto ETFs, the agency delayed decisions on several proposals last August, including a series of funds from Truth Social. Currently, only a few funds involving staked underlying assets have been approved, and it remains challenging for funds tracking small-cap altcoins to go public. If approved, Truth Social’s new ETF will charge a management fee of 0.95%. Purchases will be made through Crypto.com’s broker-dealer, Foris Capital US LLC.
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Trump Media and Technology Group has once again submitted an ETF application, planning to launch a Cronos (CRO) ETF.
On February 14, after multiple cryptocurrency ETF proposals were delayed by the U.S. Securities and Exchange Commission, Trump Media & Technology Group submitted a new application on Friday to launch a Bitcoin and Ethereum ETF. The company also plans to launch the Truth Social Cronos Income Maximization ETF, which will track the native token CRO of the crypto trading platform Crypto.com, closely associated with the Trump family. Although the SEC has clearly accelerated the approval process for crypto ETFs, the agency delayed decisions on several proposals last August, including a series of funds from Truth Social. Currently, only a few funds involving staked underlying assets have been approved, and it remains challenging for funds tracking small-cap altcoins to go public. If approved, Truth Social’s new ETF will charge a management fee of 0.95%. Purchases will be made through Crypto.com’s broker-dealer, Foris Capital US LLC.