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Trump Media Looking To Partner With Crypto.com for Potential ETF Launch

Trump Media Looking To Partner With Crypto.com for Potential ETF Launch

President Donald Trump’s media company has plans to launch a series of digital asset exchange-traded funds (ETFs) in partnership with the exchange Crypto.com.

Trump Media and Technology Group plans to roll out the ETFs through the firm’s fintech brand, Truth.Fi, and Crypto.com’s broker-dealer Foris Capital.

The ETFs will have a “Made in America” focus and will feature a basket of crypto assets, including Bitcoin (BTC), Cronos (CRO) and others, per a new press release.

CRO is the native asset of the layer-1 Cronos blockchain, which was developed by Crypto.com. The token skyrocketed by nearly 30% after the partnership was announced on Monday and is trading at $0.106 at time of writing.

Bitcoin is trading at $88,121 at…

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