US president Donald Trump, the Trump Media and Technology Group, has signed an agreement with Crypto Exchange Crypto.com to launch funds exchanged exchanges “with a made in America focus.”
Trump Media, which runs social media site that is social reality, Says On April 22 it signed a binding agreement with Crypto.com and Asset Manager Yorkville America Digital to Launch the ETFs.
Funds will be launched by the decentralized finance brand of Trump Media, TRUTH.FI, and available by Crypto.com’s Broker-Dealer, Foris Capital. The funds are expected to survive later in 2025, subject to regulatory approval.
Trump Media plans to invest some of its cash reserves in ETFs, which will be launched with a number of facts.FI separately managed accounts. US Firm Davis Polk will advise the development and launch of products.
The initiative is part of the Financial Services and Fintech Strategy, which uses up to $ 250 million custodied by Charles Schwab following A Partnership agreement with the bank in January.
The conclusion of the agreement complies with Trump Media and Crypto.com to sign a non -binding deal In March.
It is set to be the latest crypto -related adventure involving Trump and his family. Trumps helped launch a crypto platform, World Liberty Financial, in October, with a linked token and plans for a stablecoin.
President Trump’s children Eric Trump and Donald Trump Jr., also entered a crypto mining adventure called American Bitcoin.
Spot crypto etfs rebounding
Bitcoin ETF spots in the US have seen a twist in institutional interests, with over $ 1 billion in combined -with -the -weekly streams this week as crypto markets have collapsed.
Related: Trump’s next crypto play will be a monopoly-reporting game game
It came after the Bitcoin ETFs were injured by streams over the past few weeks as the broader market entered a collapse, as Trump raised the fear of a trade war with threats of tariffs, which was eventually implemented in early April.
Meanwhile, the native token of Crypto.com, Cronos (Cro), has advanced 12% after the company ink deals with Trump Media, reaching $ 0.09. However, the exchange token remains 90% from 2021 all-time high just under one dollar.
Magazine: Altcoin season to hit in Q2? Mantra plans to win trust: Hodler’s Digest
US president Donald Trump, the Trump Media and Technology Group, has signed an agreement with Crypto Exchange Crypto.com to launch funds that have been exchanged by the exchange (ETF) “with a made of America Focus.”
Trump Media, which runs social media site that is social reality, Says On April 22 it signed a binding agreement with Crypto.com and Asset Manager Yorkville America Digital to Launch the ETFs.
Funds will be launched by the decentralized finance brand of Trump Media, TRUTH.FI, and available by Crypto.com’s Broker-Dealer, Foris Capital. The funds are expected to survive later in 2025, subject to regulatory approval.
Trump Media plans to invest some of its cash reserves in ETFs, which will be launched with a number of facts.FI separately managed accounts. US Firm Davis Polk will advise the development and launch of products.
The initiative is part of the Financial Services and Fintech Strategy, which uses up to $ 250 million custodied by Charles Schwab following A Partnership agreement with the bank in January.
The conclusion of the agreement complies with Trump Media and Crypto.com to sign a non -binding deal In March.
It is set to be the latest crypto -related adventure involving Trump and his family. Trumps helped launch a crypto platform, World Liberty Financial, in October, with a linked token and plans for a stablecoin.
President Trump’s children Eric Trump and Donald Trump Jr., also entered a crypto mining adventure called American Bitcoin.
Spot crypto etfs rebounding
Bitcoin ETF spots in the US have seen a twist in institutional interests, with over $ 1 billion in combined -with -the -weekly streams this week as crypto markets have collapsed.
Related: Trump’s next crypto play will be a monopoly-reporting game game
It came after the Bitcoin ETFs were injured by streams over the past few weeks as the broader market entered a collapse, as Trump raised the fear of a trade war with threats of tariffs, which was eventually implemented in early April.
Meanwhile, the native token of Crypto.com, Cronos (Cro), has advanced 12% after the company ink deals with Trump Media, reaching $ 0.09. However, the exchange token remains 90% from 2021 all-time high just under one dollar.
Magazine: Altcoin season to hit in Q2? Mantra plans to win trust: Hodler’s Digest
