Trump Media & Technology Group Forms Strategic Partnership with Crypto.com to Launch “Made in America” Cryptocurrency ETFs
Trump Media & Technology Group, which is associated with US President Donald Trump, recently announced a strategic partnership with cryptocurrency exchange giant Crypto.com to launch a series of cryptocurrency exchange-traded funds (ETFs) with a unique “Made in America” seal. This innovative move merges the world of cryptocurrencies with American politics.
“Trump Media and Technology Group Corp., operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has signed a non-binding agreement to partner with Crypto.com, the leading cryptocurrency trading platform in the United States, to launch a series of exchange-traded funds and exchange-traded products (collectively, “ETFs”) under the Truth.Fi brand,” it announced.
The news was revealed yesterday, March 24, and aims to highlight blockchain and cryptocurrency companies based in the country, in alignment with the American president’s “America First” economic agenda. “The ETFs, offered by Crypto.com’s brokerage Foris Capital US LLC, are expected to comprise digital assets as well as securities with a Made in America focus, spanning a variety of sectors, such as energy. Crypto.com will support the backend technology, provide custody and supply the cryptocurrencies for the ETFs, which are expected to include a unique basket of cryptocurrency ETFs incorporating Bitcoin, Cronos and other crypto assets.”
The official announcement highlighted that the official launch of the cryptocurrency products is scheduled for the end of 2025, in addition to being subject to definitive agreement and regulatory approval, “the funds are expected to be widely available internationally, including the United States, Europe and Asia, on existing platforms and exchanges.”
“The ETFs are planned to launch alongside a series of Truth.Fi Separately Managed Accounts (SMAs). The ETFs and SMAs, which TMTG is planning to invest in through its own cash reserves, are part of TMTG’s financial services and FinTech strategy using up to $250 million to be held in custody by Charles Schwab,” complemented.
If approval is granted, cryptocurrency ETFs could officially launch in the middle of the fourth quarter of this year, marking a new chapter in the intersection between crypto and American politics.