- Trump Media and Technology Group Corp (TMTG) have announced a partnership with Crypto.com to establish ETFs and ETPs through the Truth.Fi brand.
- The launch is expected to occur late 2025 with the ETFs available to global markets including the US, Europe and Asia.
- TMTG have declared their intent to invest in these products with their own cash assets.
- Crypto assets in the ETF are to include Bitcoin and Cronos among others.
The announcement by Trump Media and Technology Group Corp to provide ETFs, which include cryptocurrencies, is another step toward legitimacy for the digital assets industry.
The ETFs are set to have a ‘Made in America’ focus to support the United States embracing cryptocurrencies as part of an expanding digital economy strategy, though will be widely available across global markets. The ETFs are to include not only cryptocurrencies, but also securities with a broad focus including energy.
Crypto.com has been chosen as the partner for this joint venture and will provide the back-end technology, custody, and supply of the crypto assets, which include Bitcoin and Cronos, Crypto.com’s own crypto token.
Foris Capital US LLC, broker dealer of Crypto.com, will enable the availability of the ETFs. Note, the agreement with Crypto.com is non-binding at this stage.
The ETFs are to launch through the Truth.Fi brand, the FinTech arm of TMTG. Truth.Fi recently launched in January. TMTG also operates Truth+ a streaming service platform, and Truth Social, a right leaning social media platform.
Separately Managed Accounts (SMAs) of Truth.Fi will be launching alongside the ETFs, with Charles Schwab to take custody of the up to US$250M being invested by TMTG.
Related: Softer Crypto Regulations a Mistake, Leaves Investors Unprotected, Says Former SEC Director
Crypto Under Trump
This marks another arm of Trump’s embracement of the digital assets industry. This is evident through his administration’s provision of a more friendly regulatory environment and the executive order to form a strategic digital assets reserve.
Furthermore, besides this most recent announcement by TMTG, the DeFi project World Liberty Fi is backed by several family members of the Trump family.
Trump also launched his meme coin Trump earlier this year. Over the weekend, Trump made a reference to the meme coin on his social media platform Truth Social, this has been a point of controversy for some.
Crypto.com
Crypto.com is a centralised exchange and was founded in 2016. It holds a user base of more than 140 million customers globally.
We are proud to partner with Truth Social (DJT) and Yorkville America, and to support the launch of these new ETFs, including the first of its kind basket of tokens including CRO. These ETFs will give consumers more options from a brand with a loyal following.
Kris Marszalek, Co-founder and CEO of Crypto.comMarszalek also confirmed that the ETFs will be made available through the Crypto.com app.
Related: Sanctions Against Tornado Cash Removed by US Government, Following Court Ruling Amidst North Korean Controversy
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