Truth Social Funds has filed with the SEC to launch two digital asset ETFs, aiming to integrate cryptocurrencies into traditional financial markets and attract new investors.
Truth Social Funds has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for two digital asset exchange-traded funds (ETFs) – the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF.
The Truth Social Cronos Yield Maximizer ETF will provide exposure to CRO, the native cryptocurrency of the Cronos ecosystem, while the Truth Social Bitcoin and Ether ETF will hold BTC and ETH. Both ETFs will also offer staking rewards.
The funds will be advised by Yorkville America Equities with a management fee of 0.95%.
“We are excited to launch our initial two Digital/Crypto offerings under Truth Social ETFs. In partnership with Crypto.com, we plan to provide an investment platform for investors covering multiple aspects of digital and crypto investing with both capital appreciation and income opportunities,” said Steve Neamtz, President of Yorkville America Equities.
According to the announcement, the introduction of these digital asset ETFs is expected to enhance market liquidity. It provides a more structured, regulated avenue for investing in cryptocurrencies, which is particularly appealing to those who have been hesitant due to volatility and regulatory uncertainty incrypto markets.
The move by Truth Social Funds is part of a broader trend in the financial industry, where traditional financial institutions are increasingly exploring the inclusion of digital assets.
This article was generated with the assistance of AI workflows.
Source: https://thedefiant.io/news/tradfi-and-fintech/truth-social-files-for-digital-asset-etfs
