Trump Media, Crypto.com Plan Launch of 'Made-in-America' ETFs

Trump Media and Technology Group (TMTG) has announced a partnership with Crypto.com to launch a series of exchange-traded funds (ETFs) under the Truth.Fi brand, focusing on 'Made in America' investments. These ETFs will include digital assets such as Bitcoin and Cronos, alongside U.S.-focused equities, and are expected to debut later this year pending regulatory approvals. TMTG CEO Devin Nunes emphasized the funds' commitment to American values while avoiding political influences, and the initiative aims to provide investment opportunities in both cryptocurrency and traditional sectors. The collaboration will leverage Crypto.com's technology and custody services, making the ETFs accessible globally through its broker-dealer, Foris Capital. This move aligns with a broader strategy to tap into the growing digital finance market and strengthen Trump's influence in this sector. Shares of Trump Media rose over 3% following the announcement, indicating positive investor sentiment towards the new venture.