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5mo ago

Trump Media Finalizes $250M Crypto and Energy ETF Deal with Crypto.com

The 'Made in America' ETFs, developed with major financial partners, signal Trump Media's formal entry into the ETF market pending regulatory approval.

A screen displays trading information about shares of Truth Social and Trump Media & Technology Group, outside the Nasdaq Market site in New York City, U.S., March 26, 2024. REUTERS/Brendan McDermid/File Photo
President Donald Trump watches as Treasury Secretary Scott Bessent participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington.
President Donald Trump during a speech at the 2025 Bitcoin Conference in Nashville in which he called for the U.S. to become the "crypto capital of the planet."
Truth Social is a free social media site that functions much like X, formerly known as Twitter.

Overview

  • Trump Media & Technology Group has signed a binding agreement with Crypto.com, Foris Capital US LLC, and Yorkville Advisors to launch 'Made in America' ETFs focused on cryptocurrency and energy securities.
  • The company has committed up to $250 million to these ETFs and separately managed accounts, marking a significant investment in its financial services expansion.
  • The ETFs will be distributed through Crypto.com’s broker-dealer Foris Capital US LLC and are expected to launch later in 2025, pending SEC approval.
  • Legal representation for the initiative is being provided by Davis Polk & Wardwell, a prominent law firm new to Trump Media’s ventures.
  • This move builds on Trump Media's January launch of its fintech arm, Truth.Fi, and reflects its broader strategy to diversify beyond social media into financial services.