Trump Media Partners With Crypto.com to Launch Crypto ETFs
Trump Media and Technology Group (TMTG), the parent company of Truth Social, has announced a partnership with Crypto.com to launch a series of TMTG-branded ETFs.
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The announcement made on March 24, 2025 states that the Trump Media Crypto.com partnership aims to release ETF products with a “Made in America” focus. These products will include new types of ETF baskets, featuring Cronos (CRO), Bitcoin (BTC), and other cryptocurrencies. They will also include securities from energy and other sectors.
The products are expected to launch later in 2025, but first, a definitive agreement and regulatory approval must be reached.
Yorkville America, a partner of TMTG, will support the ETF launch. The ETFs will be made available through Crypto.com’s broker-dealer, Foris Capital US LLC. Crypto.com will handle the technical aspects, custody, and supply.
Crypto.com co-founder and CEO Kris Marszalek expressed pride in partnering with Truth Social and Yorkville America. He said:
Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world.
Devin Nunes, the CEO and Chairman of TMTG said the company’s goal is to launch “America First” investment products. These products will support innovative crypto ventures, great American companies, and cutting-edge technologies.
Nunes believes this will strengthen the U.S. economy and give American investors the option to support domestic businesses.
TMTG to Finance ETF Launch with $250M, CRO Price Surges 30%
TMTG plans to finance the initiative through its cash resources, using up to $250 million to be custodied by Charles Schwab.
The ETFs will be launched under the Truth.Fi brand, TMTG’s crypto-focused fintech arm, along with Truth.Fi Separately Managed Accounts (SMAs). These are personalized investment accounts managed by professionals on behalf of individual clients.
Following the announcement of the Trump Media Crypto.com partnership, the CRO price surged by around 30% in one day. It currently trades at around $0.10, with a market cap of over $2.8 billion.
Crypto ETFs Set for Surge in 2025 as Institutional Investment Grows
The launch of TMTG's crypto ETFs, coupled with increasing interest from major financial institutions, is expected to drive growth in the crypto ETF market in 2025. As more financial companies engage with digital assets, the demand for regulated crypto investment products is expected to rise.
Several ETF filings, including Grayscale’s XRP, DOGE, and Hedera ETFs, Cboe BZX Exchange’s spot Solana ETF, and Canary’s Litecoin ETF, are awaiting approval from the US SEC (Securities and Exchange Commission).
The growing number of crypto investment products has the potential to increase adoption and foster more competition in the market.
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