Trump Media and Technology Group has signed a deal with Crypto.com to introduce ETFs that track cryptocurrencies and securities centered around a “Made in America” theme.
Trump Media and Technology Group, the media company founded by U.S. President Donald Trump, has partnered with crypto exchange Crypto.com to launch exchange-traded funds centered on a “Made in America” theme.
On April 22, Trump Media, the parent company of social platform Truth Social, announced a binding deal with Crypto.com and asset manager Yorkville America Digital to launch ETFs. These funds will reportedly include digital assets and securities with a “Made in America” focus across various sectors, including energy.
The ETFs will be launched under Trump Media’s decentralized finance brand, Truth.Fi, and offered via Crypto.com’s broker-dealer arm, Foris Capital. Pending regulatory approval, the funds are anticipated to go live sometime in late 2025.
The initiative falls under the company’s broader financial services and fintech strategy, leveraging up to $250 million held in custody by Charles Schwab, following a partnership deal finalized with the bank in January.
The finalized agreement comes after Trump Media and Crypto.com entered into a non-binding partnership deal in March.
This marks the latest crypto-focused venture tied to Trump and his family. In October, they helped launch World Liberty Financial, a crypto platform featuring an associated token and plans to introduce a stablecoin.
President Trump’s sons, Eric Trump and Donald Trump Jr., have also invested in a cryptocurrency mining project known as American Bitcoin.
Spot Bitcoin ETFs in the U.S. have experienced renewed institutional interest, drawing over $1 billion in total inflows this week amid a broader crypto market rebound.
This shift follows several weeks of outflows from Bitcoin ETFs amid a broader market slump, fueled in part by Trump’s escalating trade war rhetoric and the eventual implementation of tariffs in early April.
Crypto.com’s native token, Cronos (CRO), jumped 12% following the deal with Trump Media, climbing to $0.09. Despite the surge, the token is still down 90% from its all-time high of nearly $1 in 2021.
