“Made in America” ​​ETFS: Trump Media and Crypto.com partnership drives Nasdaq title Trump Media share

• Trump Media quits ETF-Arternschaft with crypto.com
• ETF with a focus on “Made in America” ​​planned
• Investors react with acquisitions

Tump Media is a partnership with Crypto.com

Die Trump Media and Technology GroupOperator of Truth Social, Truth+ and Truth.Fi, has agreed a non-binding partnership with the crypto trading platform Crypto.com.

Crypto.com was founded in 2016 and today has over a hundred forty million users worldwide. The company is considered a pioneer in the areas of compliance, security and Data protection. With the vision “cryptocurrency in every wallet”, the company pursues the goal of promoting the global acceptance of digital currencies through innovative solutions. The focus is also on the support of the next generation of developers, creative and entrepreneurs when building a fair and inclusive digital ecosystem.

Introduction of ETF planned

According to the corresponding press release, the aim of the partnership is the joint development and introduction of a series of stock markets traded funds and products (ETFs) under the Truth.Fi brand.

These ETFs are intended to cover both digital assets and US securities with a focus on “Made in America” ​​- especially from industries and the energy sector. Crypto.com will provide the technical infrastructure, take over the custody and cryptocurrencies such as Bitcoin, Cronos And bring other digital assets into the funds.

The market launch is planned for later a year, subject to official permits and a final contract agreement. The products are also to be made available internationally via existing platforms and brokers, including in the United States, Europe and Asia.

According to the information, the ETFs will be launched together with a series of SMAS (separately managed accounts) under the Truth.Fi brand. In both the ETFs and in the SMAS, TMTG plans investments from their own barres reserves. These products are part of a comprehensive financial and FinTech-Tg strategy of up to two hundred and fifty million US dollars, which is under the administration of Charles Schwab.

TMTG CEO Devin Nunes emphasized that the planned ETFs rely on growth-oriented, technological and economic-strong companies in the USA-without political agenda: “We are happy to work with our partner Yorkville America with Crypto.com to launch America First Investment Products, the innovative crypto companies, great American companies and top Support our goal.

For his part, Crypto.com-CEO Kris Marszalek said that one was proud of working with TMTG and Yorkville America.

NASDAQ title Trump Media share increases

As investing.com explains, the partnership arises from the expectation that Donald Trump could create more crypto-friendly framework conditions in the future. In the election campaign for the 2024 presidential election, he had spoken out for a crypto -savvy agenda and announced that he wanted to dismantle regulatory hurdles for the industry.

For the Trump Media share, after announcing the partnership in Nasdaq trading, it went up significantly. The paper completed the Monday trade 3.75 percent higher at $ 21.01. And there was no stop on Tuesday either. Here the stock rose by another 8.85 percent to $ 22.87.

Editor finance.net

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