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Trump Media Teams Up With Crypto.com to Launch ‘Made in America’ ETFs
In a significant move, Trump Media has partnered with Crypto.com to launch a new series of exchange-traded funds (ETFs) focused on US-based investments and digital assets. The joint effort aims to provide investors with diversified crypto-based financial products, pending regulatory approval.
Under the agreement, Crypto.com will be responsible for providing custody and supplying tokens, including Bitcoin and Cronos. This collaboration marks Trump Media’s entry into the investment sector through its fintech arm, Truth.Fi. The company has pledged an allocation of up to $250 million for the ETFs, which are expected to launch in 2025.
The newly formed ETFs will be made available globally, accessible through existing brokerages and investment platforms. This move aligns with Trump Media’s strategy to increase participation in the digital asset space. The partnership also underscores Crypto.com’s commitment to expanding its offerings and further solidifying its position as a major player in the digital finance arena.
The proposed ETFs will offer investors exposure to high-growth businesses and emerging technologies, emphasizing TMTG’s vision of promoting American companies without political influences. By leveraging Crypto.com’s platform and expertise, Trump Media is poised to tap into the rapidly growing crypto market.
The planned ETFs are subject to regulatory approval, which is a crucial step before their official launch. As part of the agreement, Crypto.com will ensure compliance with all relevant financial regulations.
Source: https://cryptonewsland.com/trump-media-teams-up-with-crypto-com-to-launch-made-in-america-etfs/
