Trump Media Partners with Crypto.com to Launch ETFs Under Truth.Fi
The new ETFs will combine digital assets like Bitcoin and Cronos with U.S.-focused securities, pending regulatory approval later this year.
- Trump Media & Technology Group announced a partnership with Crypto.com to launch exchange-traded funds (ETFs) under its Truth.Fi brand.
- The ETFs will feature a mix of digital assets, including Bitcoin and Cronos, alongside securities focused on U.S. industries such as energy and manufacturing.
- Crypto.com will provide backend technology, custody, and cryptocurrency support for the ETFs, which are expected to launch globally later in 2025, subject to regulatory approval.
- Trump Media's stock rose 9% in after-hours trading following the announcement, though the company has faced significant financial challenges, including a 38% year-to-date stock decline.
- This partnership reflects broader regulatory shifts under the Trump administration, which has eased restrictions on the cryptocurrency industry, benefiting firms like Crypto.com.