Trump Media Partners with Crypto.com to Launch Crypto ETFs

Trump Media and Technology Group (TMTG) announced a collaboration with Crypto.com to develop a series of exchange-traded funds (ETFs) and investment products under the Truth.Fi brand. The new ETFs are planned to include digital assets like Bitcoin (BTC) and Cronos (CRO), aiming to increase investors’ access to innovative financial tools focused on the U.S. economy. The launch is expected to take place within this year. Making a significant move into the digital asset market, Trump Media and Technology Group (TMTG) partnered with Crypto.com. The company revealed a non-binding agreement to develop a range of ETFs and exchange-traded products under the Truth.Fi brand. According to Monday’s announcement, these ETFs will be offered through Crypto.com’s broker Foris Capital US LLC, combining digital assets with traditional securities. Bitcoin (BTC) and Crypto.com’s platform token Cronos (CRO) will be highlighted assets in these funds. The new investment products are planned to cater specifically to investors focused on the U.S. economy. Devin Nunes, CEO of Trump Media, stated that the initiative aims to offer investors options that align with the “America First” approach without being distracted by political stances. Nunes expressed, “We aim to support innovative crypto ventures and great American companies without distractions from political stances.” Kris Marszalek, co-founder and CEO of Crypto.com, emphasized the significance of this partnership in bringing a notable innovation to the industry. He said, “These ETFs offer more choices to consumers from a brand with a loyal following. They will be accessible on the Crypto.com app for over 140 million users after the launch.” TMTG also plans to offer Truth.Fi Separately Managed Accounts (SMAs) financed from the company’s cash reserves. It was announced that this financial venture will be supported by a $250 million investment managed by Charles Schwab. The launch of the new ETFs is expected to occur later this year, with products intended to be traded in major markets such as the U.S., Europe, and Asia.