Trump Media Group plans to partner with Crypto.com to launch an ETF
ChainCatcher news, Trump Media & Technology Group (TMTG) announced that it has reached a preliminary cooperation intention with the cryptocurrency trading platform Crypto.com, planning to jointly launch a series of ETFs and related products through its fintech brand Truth.Fi, expected to officially launch in 2025, pending the signing of a final agreement and regulatory approval.
The new fund will be supported by Crypto.com in terms of technology and cryptocurrency asset custody, covering cryptocurrencies such as Bitcoin and Cronos, and will also include securities assets related to the 'Made in America' theme, covering multiple industries including energy. TMTG plans to invest up to $250 million of its own funds, with the funds being custodied by Charles Schwab.