The cryptocurrency industry harbors a number of people today. The ecosystem has come a long way, from urging individuals to explore the market to watching it attract millions. The one that came as a surprise to many was the entry of Donald Trump. More recently, the President was seen elevating his inclination towards the industry. Trump Media & Technology Group, Donald Trump’s media organization, stated that it is collaborating with Crypto.com to introduce exchange-traded funds and products under its Truth.Fi brand.
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Exploring Trump Media’s Latest Interest
Exchange-traded funds (ETF) have caught the eye of the entire market. Banking on the same buzz, Trump Media was seen diving in. Prominent cryptocurrency exchange Crypto.com will be facilitating this interest.
Digital assets and securities with a “Made in America focus” across a range of industries will be included in the ETFs. This will be further offered by broker-dealer Foris Capital on Crypto.com. For the ETFs, Crypto.com will supply custody, backend technology, and cryptocurrencies like Cronos and Bitcoin.
It should noted that the funds will be made accessible globally. This includes the United States, Europe, and Asia. In addition, these ETFs will be available later this year.
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Speaking about the same, Kris Marszalek, co-founder and CEO of Crypto.com, said,
“We are proud to partner with Truth Social (DJT) and Yorkville America and to support the launch of these new ETFs, including the first of its kind basket of tokens including CRO. These ETFs will give consumers more options from a brand with a loyal following. Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world.”
With a market value of around $4.6 billion, Trump Media is mostly owned by Donald Trump. It’s a small, financially draining company. Last month, Trump Media revealed that it made $3.6 million in 2024 but lost $400 million. This comes as a surprise considering his recent win.
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