BlockBeats News, February 14, after multiple crypto ETF proposals were delayed by the U.S. Securities and Exchange Commission, the Trump Media & Technology Group resubmitted applications on Friday to launch a Bitcoin and Ethereum ETF.
The company also plans to launch the Truth Social Cronos Yield Maximization 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 accelerating the approval process for crypto ETFs, the agency delayed decisions on multiple proposals in August last year, including a series of funds for Truth Social. Currently, only a few funds involving underlying asset staking have been approved, while funds tracking small-cap meme coins still face challenges in getting listed.
If approved, the new ETF for Truth Social will have a management fee of 0.95%. Purchases will be made through the broker-dealer Foris Capital US LLC owned by Crypto.com.
