Trump Media and Crypto.com plan to launch exchange-traded funds mixing cryptocurrencies and American-focused assets, pending regulatory approval.
President Donald Trump’s media company Trump Media & Technology Group (TMTG) and Crypto.com announced plans to introduce a series of exchange-traded funds (ETFs) under the Truth.Fi brand on Mar. 24.
The companies say these funds will include both cryptocurrencies and non-crypto assets. The effort involves Yorkville America, which is joining as a partner to support the creation and launch of these new products.
An ETF is an investment vehicle that can hold a range of assets. According to Vanguard, a company that also offers ETFs, an exchange-traded fund “is a collection of hundreds or thousands of stocks or bonds, managed by experts, in a single fund that trades on major stock exchanges, like the New York Stock Exchange, Nasdaq, and Chicago Board Options Exchange.”
TMTG’s version will combine traditional holdings, such as U.S.-based stocks, with cryptocurrencies such as bitcoin and cronos (CRO), the native token of Crypto.com. TMTG hopes to draw on its existing audience from Truth Social, the social media platform it runs, and other services under the Trump Media umbrella.
In its announcement, TMTG says these funds will be designed to reflect “America First” values by focusing on domestic businesses.
“We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy, unencumbered by woke nonsense and political posturing,“ Devin Nunes, TMTG’s CEO and chair, said in the announcement. ”Investors will finally have options that adhere to their principles and that support superior U.S. companies precisely focused on their core businesses.”
TMTG said the new ETFs will be available internationally, including in the United States, Europe, and Asia, once regulators give the green light.
Crypto.com will handle the technology behind the scenes. The company also plans to provide custody, or secure storage, of the cryptocurrencies.
Users may buy these ETFs through Crypto.com’s broker dealer, Foris Capital US LLC, if they live in an approved area.
By Chase Smith
