President Trump’s Truth Social Seeks Approval for Crypto ETF Filings

Key Insights

• Trump’s Truth Social Fund plans to launch a Cronos ETF and a joint Bitcoin & Ether ETF.
• The firm now has four pending crypto ETF applications with the SEC.
• Crypto ETFs are struggling with sizable outflows amid a decline in cryptocurrencies. However, most investors are holding on.

President Donald Trump’s Truth Social Fund has filed an application with the US SEC for two new crypto ETFs. The firm announced this, noting that there is a Cronos ETF and a Bitcoin and Ether ETF.

The application for the Cronos Yield Maximizer ETF comes as Truth Social partners with Crypto.com. The crypto exchange will serve as custodian, liquidity provider, and staking services provider for the ETFs.

Truth Social Now Has Four Pending Crypto ETF Applications

With the recent filings, Truth Social now has four pending crypto ETF applications with the SEC. The firm had previously filed applications for a spot Bitcoin ETF and a crypto blue-chip basket ETF in June 2025.

These two applications are still pending with the regulator, awaiting a final decision. However, Bloomberg senior analyst Eric Balchunas believes the ETFs could launch in the next few months.

Crypto.com will serve as custodian and liquidity provider for the newly filed ETFs. However, the ETFs, upon launch, can be purchased through Fortis Capital, Crypto.com’s broker-dealer. The funds are also expected to have a management fee of 0.95.

Crypto.com CEO Kris Marszalek states the exchange is excited about the new products. He emphasizes the company’s involvement in their launch.

He said:

It is unclear what the SEC would decide on the pending ETF applications. Some express concerns about President Trump’s ties to Truth Social. They argue these affiliations raise questions about the applications. Critics believe this should justify the SEC’s rejection.

Crypto ETFs Facing Existential Struggle

Meanwhile, the new Truth Social ETF applications come amid monumental challenges facing the crypto sector. Bitcoin trades 40% below its peak. Other cryptocurrencies remain far from their all-time highs. Interest in crypto ETFs declines as a result.

Bloomberg analyst James Seyffart reports that Bitcoin ETF holders face their biggest losses since January 2024. He notes the products have never seen such deep drawdowns. Investors currently sit on significant paper losses.

Bitcoin ETFs have only seen about $7 billion in outflows since October 10, 2025. The figure holds as of early February 2026. Despite heavy losses, redemptions remain relatively limited. This suggests strong resilience despite the sizable price decline.

Ether ETFs Flows. Source: James Seyffart

Interestingly, the same scenario is playing out for Ether ETF holders. They are even in a worse position compared to their Bitcoin ETF counterparts. Despite ETH seeing a 60% drawdown, many ETF buyers appear to be holding.

He said:

Meanwhile, Bitcoin and Ether both posted gains over the past 24 hours, with BTC up over 5% and ETH up 7%. Despite the gains, BTC remains below $70,000 while ETH is slightly above $2,000.

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