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…
