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Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world. In addition to the ETFs, TMTG plans to introduce Truth.Fi Separately Managed Accounts (SMAs), which will also be funded through the company’s cash reserves. Per the announcement, the overall financial strategy includes a significant investment of up to $250 million, to be managed by Charles Schwab, thereby enhancing TMTG’s footprint in the financial services sector.
The launch of these ETFs is anticipated later this year, pending definitive agreements and regulatory approval. Once established, these products will be accessible internationally, including in major markets across the United States, Europe, and Asia, further expanding the reach of TMTG’s financial initiatives.
As announced earlier, the partnership also involves Crypto.com, with plans to list TRUMP and CRO tokens on its platform.
Source: https://bitcoinist.com/trump-media-partners-crypto-com-to-launch-new-etfs/
