Trump Media files for new Bitcoin, Ethereum ETFs in president’s ongoing crypto blitz

Group 1 - President Trump's company, Trump Media and Technology Group, has filed for two new cryptocurrency ETFs: a Bitcoin-Ethereum fund and a crypto yield ETF [1][2] - The crypto yield ETF, named "Truth Social Cronos Yield Maximizer ETF," will provide exposure to the performance of CRO, the native token of Cronos [2] - The Bitcoin and Ethereum fund, called "Truth Social Bitcoin and Ether ETF," will track the two largest cryptocurrencies [2] Group 2 - Trump Media's partnership with Crypto.com aims to launch these ETFs, following a previous deal made last year [3][4] - The crypto ETF market is competitive, with established products from major asset managers like BlackRock, Fidelity, and Grayscale already available [3] - Trump Media had previously filed for another Bitcoin ETF and a fund that tracks a basket of cryptocurrencies [3] Group 3 - Crypto.com co-founder and CEO Kris Marszalek expressed strong support for the new digital asset ETFs, highlighting their value proposition [4] - The Trump family's ventures into the crypto space have faced criticism, particularly from Democrats who accuse them of profiting from these business moves [5] - Reports indicate that the Trump Administration made a deal with the UAE involving access to American-made AI chips in exchange for investment in a decentralized finance product backed by Trump and his sons [5]