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 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 Crypto ETFs Recovering Momentum
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.
