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Trump-Linked Truth Social Files for Bitcoin, Ethereum and CRO Staking ETFs

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Trump-Linked Truth Social Files for Bitcoin, Ethereum and CRO Staking ETFs

Trump Media and Technology Group is expanding its push into digital assets, filing for two new cryptocurrency exchange-traded funds tied to Bitcoin, Ether and the Cronos ecosystem.

Key Takeaways:

  • Trump Media filed for two crypto ETFs tracking Bitcoin, Ether and the Cronos token.
  • The Cronos fund would include staking rewards with Crypto.com providing custody and services.
  • The move deepens ties between US politics and the growing crypto investment sector.

Truth Social Funds, the ETF arm of the company behind the Truth Social platform, submitted applications Friday for the “Truth Social Bitcoin and Ether ETF” and the “Truth Social Cronos Yield Maximizer ETF.”

The filings mark another step in the growing overlap between US politics and the crypto investment industry.

Truth Social ETFs Target Bitcoin, Ether and CRO With Staking Rewards

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The proposed Bitcoin and Ether ETF would track the performance of the two largest cryptocurrencies, reportedly using an allocation weighted toward Bitcoin.

The Cronos product, meanwhile, would provide exposure to CRO, the native token of the Crypto.com-linked Cronos blockchain, while also offering staking rewards to investors.

Crypto.com is partnering with Trump Media on the products and is expected to provide custody, liquidity and staking services.

CEO Kris Marszalek said the company supports the funds and plans to enable trading access once they launch.

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The new filings follow a previous agreement between the firms to introduce crypto investment products and continue a broader strategy by Trump Media to establish a presence in digital finance.

The company had already sought approval for a standalone Bitcoin ETF and a multi-asset crypto fund that included several major tokens.

The ETF market is increasingly competitive. Asset managers such as BlackRock, Fidelity and Grayscale already operate widely traded Bitcoin investment vehicles, giving investors indirect exposure to crypto without holding tokens directly.

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Trump Media has also signaled interest in integrating blockchain beyond ETFs.

The company recently said it intends to distribute a new digital token to shareholders on the Cronos network and previously disclosed plans for a corporate crypto treasury involving CRO.

The expansion has drawn political scrutiny, with critics arguing the president’s business ventures could create conflicts of interest, particularly as regulatory decisions affecting digital assets are debated in Washington.

Last year, Trump Media also announced a partnership with Crypto.com to bring prediction markets to the social media platform, positioning it as the first publicly traded social media company to integrate such technology.

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Bitcoin Loses 25,000 Millionaire Addresses Under Trump

As reported, Bitcoin has shed roughly 25,000 millionaire addresses in the year since Donald Trump returned to the White House, even as US policy shifted toward a more crypto-friendly stance.

Blockchain data shows the number of addresses holding at least $1 million in BTC fell about 16% year over year, suggesting regulatory optimism has not translated into sustained on-chain wealth growth.

The pullback was less severe among the largest holders. Addresses with more than $10 million in Bitcoin declined by about 12.5%, indicating that top-tier investors were better able to withstand price volatility, while wallets near the millionaire threshold were more exposed to market swings.

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Much of the increase in Bitcoin millionaire addresses occurred before Trump took office, driven by a late-2024 rally fueled by election-related optimism and expectations of deregulation.

The post Trump-Linked Truth Social Files for Bitcoin, Ethereum and CRO Staking ETFs appeared first on Cryptonews.

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Crypto World

XRP investors likely bought the dip after the recent crash

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XRP: exchange reserve on Binance. (CryptoQuant)

Payments-focused cryptocurrency XRP is rising faster than bitcoin and ether after investors hunted for bargains post early-month crash.

XRP’s price has rallied 38% to $1.55 since hitting a low of $1.12 on Feb. 6, according to CoinDesk data. Prices have jumped by more than 5% in the past 24 hours alone.

This performance puts it well ahead of both bitcoin and ether, which have recovered roughly 15% since Feb. 6. As of writing, bitcoin and ether changed hands at $69,420 and $2,020, respectively.

XRP’s bitcoin-beating rally tracks signs of dip-buying on Binance following the Feb. 6 crash. CryptoQuant data indicates Binance’s XRP reserves dropped sharply by 192.37 million XRP to 2.553 billion between February 7 and 9. The 7% slide marked the lowest level since January 2024, and holdings have remained stable since then.

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XRP: exchange reserve on Binance. (CryptoQuant)

XRP: exchange reserve on Binance. (CryptoQuant)

Analysts typically associate a drop in exchange balances with investor accumulation. The logic is that investors prefer to take direct custody of coins rather than keep them on exchanges when intending to hold them long-term.

Sudden, sharp withdrawals can reduce available supply, opening the door to a price rally. Historical trends reinforce this view. XRP rallied sharply from $0.60 to over $2.40 in the final two months of 2024 as the balance held on exchanges slid faster.

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WLFI May Have Signaled Crypto Crash Hours Before Bitcoin: Study

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WLFI May Have Signaled Crypto Crash Hours Before Bitcoin: Study

World Liberty Financial Token (WLFI), a DeFi governance token affiliated with the Trump family, may have signaled a major market breakdown hours before Bitcoin moved, according to a new analysis by data provider Amberdata.

The report examines trading activity on Oct. 10, 2025, when roughly $6.93 billion in leveraged crypto positions were liquidated in under an hour. Bitcoin (BTC) fell about 15% and Ether (ETH) dropped roughly 20%, while smaller tokens lost as much as 70%.

Amberdata found that WLFI began a sharp decline more than five hours before the broader market downturn. At the time, Bitcoin was still trading near $121,000 and showed little immediate stress.

“A five-hour lead time is hard to dismiss as coincidence,” Mike Marshall, who authored the report, told Cointelegraph. “That duration is what separates a genuinely actionable warning from a statistical artefact,” he added.

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Related: Senators ask Bessent to probe $500M UAE stake in Trump-linked WLFI

WLFI anomalies before the selloff

Researchers analyzed three unusual patterns, including a surge in trading activity, a sharp divergence from Bitcoin and extreme leverage, to determine whether WLFI signaled stress before the broader market selloff.

WLFI’s hourly volume jumped to roughly $474 million, about 21.7 times its normal level, within minutes of tariff-related political news. Meanwhile, funding rates on WLFI perpetual futures reached about 2.87% every eight hours, equivalent to an annualized borrowing cost near 131%.

WLFI funding rating. Source: Amberdata

The study does not claim insider trading occurred. Instead, it argues the way crypto markets are structured can make certain assets matter more than their size suggests.

WLFI’s holder base is concentrated among politically connected participants, the report says, unlike Bitcoin’s widely distributed ownership. Marshall said the trading pattern appeared “instrument-specific,” meaning activity was focused on WLFI rather than across the broader crypto complex.

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“If this were superior analysis (sophisticated participants reading the tariff headlines faster and drawing better conclusions) you’d expect to see that reflected more broadly,” he said. “What we actually saw was concentrated activity in WLFI first.”

The timing is notable. Trading volume accelerated roughly three minutes after public tariff news. Marshall said such speed suggests prepared execution rather than retail traders interpreting headlines in real time.

The link between WLFI and the broader market drop comes down to leverage. Many crypto trading platforms let traders use several assets as collateral for borrowed positions. When WLFI fell sharply, the value of that collateral dropped, forcing traders to sell liquid assets like Bitcoin and Ether to cover their positions. Those sales pushed prices lower and triggered further liquidations across the market.

WLFI crashed ahead of Bitcoin. Source: Amberdata

Related: Trump family’s WLFI plans FX and remittance platform: Report

WLFI reacted faster than Bitcoin to stress

Amberdata’s data shows WLFI’s realized volatility reached nearly eight times that of Bitcoin during the episode, making it particularly sensitive to stress. Researchers argue that structurally fragile, highly leveraged assets may move first during market shocks.

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Marshall said the findings should not be interpreted as proof that WLFI can reliably predict downturns. The analysis covers a single event, and more data would be needed to establish statistical consistency. Still, he believes the behavior is significant.