TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Trump Media partners with Crypto.com to begin launching ETFs

  • Trump Media announced that its Fintech arm, Truth.Fi, signed a non-binding agreement to partner with Crypto.com.
  • The partnership seeks to allow Truth.Fi to begin launching its own ETFs.
  • The company aims to make the products available abroad, including Europe and Asia.
Trump Media partners with Crypto.com to begin launching ETFs
Michael EbiekutanMichael EbiekutanFXStreet

Trump Media and Technology Group (TMTG) announced on Monday that its fintech arm, Truth.Fi has signed a non-binding agreement with Crypto.com to launch several exchange-traded funds (ETFs).

Trump Media set to launch 'Made in America' ETF products

President Trump's Trump Media and Technology Group (TMTG) plans to launch a series of ETFs in 2025, according to a press release from the company.

The firm signed a non-binding agreement to partner with crypto exchange Crypto.com to help issue the ETFs through its Fintech brand Truth.Fi.

The ETFs will focus on cryptocurrencies and securities originating in the US, made available through Crypto.com's broker-dealer, Foris Capital. Crypto.com will function as the official token supplier for the crypto ETFs, including Bitcoin, Cronos, and other "Made in America" tokens.

"We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation and strengthening the US economy, unencumbered by woke nonsense and political posturing," TMTG CEO and Chairman Devin Nunes said in the press release.

Trump Media also stated that the ETFs will be made available internationally, particularly in Europe and Asia, maximizing existing brokerages and investment platforms. Once launched, Crypto.com users will be able to access the funds through its app, Crypto.com co-founder Kris Marszalek stated.

The products will launch later in the year, pending regulatory approval and an official agreement between both parties. They are set to debut with a series of Truth.Fi Separately Managed Accounts (SMAs), receiving an allocation of up to $250 million of the company's funds.

The move adds to TMTG's interest in becoming a key player in the digital asset industry. It also follows President Trump's promise to make America the crypto capital of the world.

Cronos (CRO) is up 13% following the announcement.

Related news

Author

Michael Ebiekutan

With a deep passion for web3 technology, he's collaborated with industry-leading brands like Mara, ITAK, and FXStreet in delivering groundbreaking reports on web3's transformative potential across diverse sectors. In addition to

More from Michael Ebiekutan
Share:

Editor's Picks

Ripple and Stellar outlook: XRP rally cools, XLM heads toward a make-or-break support

Ripple and Stellar outlook: XRP rally cools, XLM heads toward a make-or-break support

Ripple and Stellar trade under pressure after losing over 2% and 3% so far this week. XRP and XLM are both nearing their crucial support zones, which could determine the next directional move. Meanwhile, mixed derivatives and on-chain data suggest upside potential remains limited for both altcoins. CryptoQuant’s summary data shows cautious signs for both altcoins.

Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

Bitcoin trades below $78,000 maintaining a near-term corrective tone amid hawkish macroeconomic factors. US bond market shrugs off the US Treasury's increase in buyback operations to $6 billion in long-term debt as yields continue to rise, signaling an insufficient step amid the ongoing war with Iran.

Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally

Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally

Bitcoin has continued to recover from its mid-year weakness, outperforming major traditional assets over the past month, amid strong resistance around the $83,000 to $86,000 range. BTC gained 23% over the past 21 trading sessions, while the S&P 500 and Nasdaq 100 were broadly flat and the Euro Stoxx 50 declined, according to a Glassnode report published Wednesday.

Ethereum Price Forecast: ETH holds near $2,500 amid derivatives weakness

Ethereum Price Forecast: ETH holds near $2,500 amid derivatives weakness

Ethereum (ETH) holds steady near $2,500 on Wednesday amid weakness in derivatives and mild buying dominance in spot markets. Since the short squeeze that expanded ETH's rally toward $2,500 in late August, meaningful leverage has yet to return to support the uptrend.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.