Yorkville America Equities, an asset manager associated with a line of exchange-traded fund (ETF) proposals tied to U.S. President Donald Trump’s Truth Social brand, has filed registration documents with the U.S. Securities and Exchange Commission (SEC) for two additional crypto-focused ETFs, according to CoinDesk.
The proposed products include the “Truth Social Bitcoin and Ether ETF,” designed to provide exposure to the two largest cryptocurrencies by market capitalization, and a second fund called the “Truth Social Cronos Yield Maximizer ETF.” The Cronos product would invest in and stake CRO, the native token of Crypto.com’s Cronos blockchain, which could make it structurally different from the now-common spot crypto ETF format by incorporating yield from staking activity.
One filing referenced by CoinDesk is available via the SEC’s EDGAR archive here. As with all ETF launches, the proposals remain subject to SEC review and approval and do not guarantee a product will reach the market.
CoinDesk reported that, if approved, the ETFs would be launched in partnership with Crypto.com, which is expected to serve roles including digital asset custody, liquidity provision and (for the Cronos product) staking services. Distribution would be handled through Foris Capital US LLC, the SEC-registered broker-dealer affiliated with Crypto.com.
The filings extend a broader effort by the Truth Social brand and its partners to build a crypto investment franchise. CoinDesk noted that Truth Social first signaled its ambitions in mid-2025 with a spot bitcoin ETF filing, followed by a separate “Blue Chip Digital Asset ETF” proposal aimed at a basket of large-cap altcoins. Neither of those earlier products has launched so far.
The timing is notable as U.S. regulators continue to shape how crypto products fit into traditional market structures. Spot bitcoin ETFs have already become a major on-ramp for institutional and retail investors, and the next wave of applications has increasingly tested the boundaries of what regulators will accept, including multi-asset baskets and yield-bearing mechanisms.
Staking-linked ETFs, in particular, sit at the intersection of securities law, custody rules and market integrity concerns. Staking rewards are typically earned by locking tokens in proof-of-stake networks to help secure the chain. Packaging those rewards into a public-market product could attract investors who want yield exposure without managing on-chain infrastructure, but it may also invite closer scrutiny about risk disclosures, validator selection and how rewards are treated for tax and accounting purposes.
For CoinExtra readers tracking the political and regulatory backdrop, the Truth Social push lands amid renewed debate about conflicts of interest and policymaking. CoinExtra previously covered criticism of Trump’s crypto ties in a related report. On the market side, ETF experimentation continues across issuers, including attempts to convert crypto funds into ETFs, as outlined in our coverage of Grayscale’s ETF efforts.
For now, the key question is whether the SEC will be willing to greenlight products that go beyond passive spot exposure. The answer could shape the next phase of crypto’s integration into mainstream investment wrappers.
