Trump Media has entered into a preliminary agreement with Crypto.com to introduce a series of exchange-traded funds (ETFs) in the United States.
The deal also involves Trump Technology Group Corp (TMTG), which operates the Truth Social platform and the fintech brand Truth.Fi. According to a statement released on March 24, the agreement remains subject to regulatory approval.
The planned ETFs, expected to debut later this year, will be facilitated through Crypto.com’s broker-dealer arm, Foris Capital US LLC. These investment products aim to feature a mix of digital assets and securities with a “Made in America” theme.
Crypto.com will be responsible for providing both the infrastructure and custody solutions, ensuring the availability of cryptocurrencies for the ETFs. Potential assets included in the funds may range from Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO).
The initiative is designed to reach a global audience, making the ETFs accessible not only in the US but also in Europe and Asia through various brokerage platforms.
“Once these ETFs are live, our over 140 million users worldwide will be able to access them directly through the Crypto.com App,” said Kris Marszalek, co-founder and CEO of Crypto.com.
In addition to the ETFs, TMTG plans to introduce a lineup of Truth.Fi Separately Managed Accounts (SMA), with intentions to allocate a portion of its cash reserves into these products.
This potential launch marks yet another step in former US President Donald Trump’s involvement in the cryptocurrency sector.
However, Democratic lawmakers have raised concerns over potential conflicts of interest tied to Trump’s political role and his business ventures. They have particularly scrutinized his ties to World Liberty Financial, a crypto platform under the Trump Organization, as well as the Official Trump (TRUMP) memecoin, which surfaced just three days before his inauguration.
House Representative Gerald Connolly has criticized the TRUMP token, calling it a “money grab” that has reportedly generated over $100 million in trading fees for Trump-affiliated entities. Similarly, Democrat Maxine Waters labeled the token a “rug pull” in January, arguing that it embodies the worst aspects of the crypto market.
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