Trump Media and Crypto.com to launch digital asset ETFs

Trump Media and Crypto.com to launch digital asset ETFs

Trump Media has signed a non-binding agreement with Crypto.com to launch a series of exchange-traded funds (ETFs) that will include digital assets and securities.

The agreement, which involves Trump Technology Corp (TMTG) — the operator of the Truth Social platform and fintech brand Truth.Fi — is subject to regulatory approval, according to a statement issued on March 24.

The ETFs will be launched later this year through Crypto.com’s broker, Foris Capital US LLC. They will include a mix of digital assets such as Bitcoin, Ethereum, Solana, Ripple, and Cronos, and will be available on existing brokerage platforms in the US, Europe, and Asia.

Crypto.com will provide the necessary infrastructure and custody services for the cryptocurrencies included in the funds. Upon launch, the ETFs will be accessible to the more than 140 million global users of the Crypto.com app.