Trump Media Files For Cronos, Bitcoin‑Ether ETFs With Staking Focus
Companies linked to President Donald Trump are expanding their presence in the cryptocurrency industry, with the Trump Media & Technology Group taking another formal step into digital asset markets. Truth Social Funds, an affiliate of Trump Media, has submitted a registration statement to the US Securities and Exchange Commission (SEC) seeking approval to launch two new cryptocurrency exchange‑traded funds (ETFs). Trump Media Latest Crypto Proposal The filings outline plans for Crypto.com’s native token, Cronos (CRO), the Cronos Yield Maximizer ETF, and the Bitcoin (BTC) and Ethereum....
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In a surprising move, Trump Media and Technology Group Inc. and Crypto.com announced a landmark partnership. The new joint venture will be the ‘first and largest publicly traded CRO treasury company,’ with a value of at least $6.42B. The new company will trade under the ticker MCGA, which stands for ‘Make CRO Great Again.’ As part of the deal, Trump Media will purchase approximately $105M worth of Cronos ($CRO), the native token of the Cronos Chain. In turn, Crypto.com will buy $50M of Trump Media stock. The new company plans to acquire 6.3B tokens right away, which is a huge 19% of the....
The SEC has announced its decision to extend the review period for several crypto ETFs. This includes staking proposals for the Ethereum ETFs, as well as XRP and Dogecoin ETFs, with the commission pushing its decision to the final deadline for these funds. SEC Delays Decision On Ethereum, XRP, and Dogecoin ETFs In an SEC […]
The US Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the approval of staking for Ethereum ETFs from asset manager Grayscale. This setback comes as the SEC awaits the confirmation of pro-crypto commissioner Paul Atkins, whose appointment has yet to be finalized. SEC Postpones Staking Approval On Ethereum ETFs On […]
Canada is now the first country to launch a Solana spot ETF with staking. The Ontario Securities Commission (OSC) has approved four asset managers to offer the new spot Solana: Purpose, Evolve, CI, and 3iQ. The Solana ETF will invest in physical $SOL long-term and stake them to earn more rewards. This will result in better returns than Ether staking. Read on to discover how this development could affect the larger crypto market. We’ll also talk about the Solaxy presale and how it’s at the center of Solana’s potential rise. ETF Race Heats Up The SEC approved a Bitcoin-pegged ETF....
Crypto.com token Cronos (CRO) price is consolidating above what may be its last remaining support. CRO is nursing a 45% monthly drop, putting it near the bottom of a declining parallel channel that has served as support for much of the year. After the catastrophe at the cryptocurrency exchange FTX, the focus has now shifted […]