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Truth Social Files for Digital Asset ETFs

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Truth Social Files for Digital Asset ETFs

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%.

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“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.

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Crypto World

Solana price breaks bearish structure, $95 target in focus

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Solana price breaks local bearish structure as $95 target comes into focus - 1

Solana price has broken its short-term bearish structure, signaling a potential momentum shift that could open the door for a bullish expansion toward the $95 resistance zone.

Summary

  • Local bearish trend invalidated, signaling a shift in short-term momentum
  • Holding above the value area low supports higher-low formation
  • $95 high-timeframe resistance is the next target, if bullish structure persists

Solana (SOL) price action is showing a notable improvement in structure after breaking out of a local bearish downtrend that had controlled price movement for much of the week. This shift marks an important technical development, as Solana has now printed a new high, signalling a potential transition away from short-term bearish control.

While broader market conditions remain mixed, the change in local structure suggests that downside momentum is weakening. If Solana can continue to build acceptance above key value levels, the probability of a sustained move toward higher resistance increases.

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Solana price key technical points

  • Local bearish market structure has been broken, confirming a higher high
  • Value area low remains intact, supporting higher-low formation
  • $95 high-timeframe resistance is the next upside target, if momentum persists
Solana price breaks local bearish structure as $95 target comes into focus - 1
SOLUSDT (4H) Chart, Source: TradingView

The recent price action on Solana has produced a clear break in market structure on the lower timeframes. After a prolonged period of lower highs and lower lows, Solana has now pushed above prior resistance and established a new swing high. This move invalidates the immediate bearish trend and shifts short-term momentum back in favor of buyers.

Market structure breaks are often early signals of trend transitions, particularly when they follow extended consolidations or corrective phases. In Solana’s case, the breakout suggests that sellers are losing control, at least in the short term, and that buyers are becoming more aggressive at current levels.

Holding value area low is critical

Despite the bullish development, confirmation will depend on Solana holding above the value area low. This level represents the lower boundary of fair value within the current range and often serves as a key decision point for whether to continue or fail.

As long as price action remains above this level, Solana has the opportunity to establish a higher low. A higher low would further reinforce the bullish shift in structure and increase confidence that the breakout is sustainable rather than a short-lived reaction.

Failure to hold this level, however, would return Solana to balance and reopen the risk of renewed consolidation or downside rotation.

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Higher highs and higher lows shift bias

If Solana continues to print higher highs while defending higher lows, the broader narrative within the current trading range will begin to shift. Multiple higher highs and higher lows would negate the prior bearish bias and suggest that the market is transitioning into a more constructive phase.

Such transitions often occur in stages, with initial breakouts followed by retests and consolidations before larger expansions take place. This underscores the importance of patience, as short-term pullbacks remain healthy within a developing bullish structure.

$95 resistance comes into focus

With the local bearish structure broken, attention now turns to the next major upside level. The $95 region represents a significant high-timeframe resistance area where price previously faced rejection. A move toward this level would align with typical follow-through behavior after a successful structure break.

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Reaching $95 would also place Solana back into the upper portion of its broader trading range. How price behaves around this level will be critical in determining whether the rally extends further or transitions into another consolidation phase.

What to expect in the coming price action

From a technical, price action, and market structure perspective, Solana is showing early signs of a bullish continuation. As long as price holds above the value area low and maintains the newly established higher high, the probability favors further upside exploration.

In the near term, traders should expect some volatility as the market digests the structure break. Controlled pullbacks that hold above support would strengthen the bullish case, while a loss of value could delay continuation.

For now, the evidence suggests that Solana’s recent breakout is meaningful. If momentum continues to build, the $95 resistance level stands out as the next key upside target in the current market phase.

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Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser

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Banks, US Government, Stablecoin

Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill.

The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt.

Witt said it was “unfortunate” that the issue of stablecoin yield has become a major point of contention between the crypto industry and banks, adding that crypto service providers sharing yield with customers does not threaten the banking industry’s business model or market share. He told Yahoo Finance:

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“They can also offer stablecoin products to their customers, just the same as crypto. This is not an unfair advantage in either way, and many banks are now applying for OCC bank charters themselves to start offering bank-like products to their customers.

Banks, US Government, Stablecoin
White House crypto adviser Patrick Witt provides an update on the CLARITY bill negotiations. Source: Yahoo Finance

In the future, I don’t think this is going to be an issue,” he continued, adding, “I think they’re going to find opportunities to use these products and leverage them and offer new products to their customers and expand their businesses.”

The ability of crypto service providers and platforms to offer rewards to customers who hold stablecoins has emerged as one of the most significant pain points for the industry, contributing to delays in passing the CLARITY market structure bill.

Related: White House crypto bill talks ‘productive,’ but no deal yet

Time is running out on passing the CLARITY Act, Witt and others warn

The proposed CLARITY Act establishes clear regulatory jurisdiction over crypto markets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and also creates an asset taxonomy for cryptocurrencies.

However, government officials and industry executives have warned that the looming 2026 US midterm elections could derail efforts to pass it into law and threaten to roll back crypto regulations established by the administration of US President Donald Trump.

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