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4w ago

Trump Media Partners with Crypto.com to Launch ETFs Combining Digital Assets and U.S. Investments

The ETFs, under the Truth.Fi brand, are set to debut internationally later this year, pending regulatory approval.

U.S. President Donald Trump wants the U.S. to accept the "gift" of negative interest rates. (Credit: Shutterstock)
President Trump's media group is partnering with Crypto.com to launch "Made in America" ETFs.
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Overview

  • Trump Media & Technology Group announced a collaboration with Crypto.com to launch exchange-traded funds (ETFs) through its Truth.Fi brand.
  • The ETFs will feature a mix of cryptocurrencies, including Bitcoin and Cronos, alongside securities focused on U.S. industries like energy and manufacturing.
  • Crypto.com will provide backend technology, custody, and cryptocurrency support for the ETFs, which will be available globally upon regulatory approval.
  • Trump Media's stock price jumped 9% following the announcement, offering a temporary boost to the company despite its ongoing financial struggles.
  • The ETFs align with Trump Media's strategy to expand into financial services and promote conservative economic principles through 'Made in America' investments.