Trump Media Group to launch ETF in partnership with Crypto.com
Trump Media & Technology Group (TMTG) announced that it has reached an initial cooperation intention with crypto trading platform Crypto.com, and plans to jointly launch a series of ETFs and related products through its fintech brand Truth.Fi, which is expected to be officially launched in 2025, subject to the signing of a final agreement and regulatory approval.
The new fund will be supported and managed by Crypto.com, covering cryptocurrencies such as Bitcoin and Cronos, as well as securities assets related to the theme of'Made in America ', covering a variety of industries such as energy. TMTG plans to invest up to $250 million in equity funds, with funds managed by Charles Schwab.