Trump Media and Crypto.com Plan ETFs with a focus on 'Made in America'
Munich (IT BoltWise)-In a remarkable step, the Trump Media and Technology Group, the media conglomerate of US President Donald Trump, has a partnership with the crypto tour of Crypto.com to launch stock market-traded funds (ETFS) with a focus on 'Made in America'.
The Trump Media and Technology Group, known for the Truth Social Social Media platform, signed a binding agreement with Crypto.com and the asset manager Yorkville America Digital on April 22. The aim is to start ETFs that include digital assets and securities that concentrate on 'Made in America' and cover various industries such as energy. These funds will be introduced via the decentralized financial brand Trump Media and will be available via the broker dealer of Crypto.com, Foris Capital. The introduction of the funds is planned for the end of 2025, subject to official approval. Trump Media plans to invest part of his barres reserves in the ETFs that are started together with a series of truth.fi separately managed accounts. The American law firm Davis Polk will be advising on the development and introduction of the products. This initiative is part of the company's financial services and fintech strategy, with up to $ 250 million, which will be kept with Bank Charles Schwab in January after a partnership agreement. The final agreement follows a non -binding contract that Trump Media and Crypto.com signed in March. This is the latest crypto-related project in which Trump and his family are involved. In October, the Trumps helped the introduction of a crypto platform called World Liberty Financial, which have a connected token and plans for a stablecoin. The sons of President Trump, Eric Trump and Donald Trump Jr., are also involved in a crypto mining project called American Bitcoin. Spot crypto ETFs experience a revival of the institutional interest, with over $ 1 billion in aggregate coincidences this week alone, since the cryptoma markets have recovered. The native token from Crypto.com, Cronos, rose by 12 % after the deal with Trump Media and reached $ 0.09, but remains 90 % below its all-time high of 2021.
Enter here for free!
Additions and information to the editorial team by email to DE-Info (at) it-boltwise.de. Since we cannot rule out rarely occurring AI Hallucinations in the event of AI generated news and content, we ask you to contact and inform us for false information and misinformation via email. Please do not forget to name the article headline in the email: “Trump Media and Crypto.com Plan ETFs with a focus on 'Made in America'”.
