Trump Media and Technology Group (TMTG) has announced the launch of a $250 million ETF series in partnership with Crypto.com and Charles Schwab. The focus is on cryptocurrencies, U.S.-based assets, and new investment brands like Truth.Fi.
Bitcoin-Backed ETFs in Trump Media Strategy
TMTG will include Bitcoin as a core asset in its upcoming ETF portfolio launching through Crypto.com's broker-dealer, Foris Capital US LLC. The move aims to provide broader access to digital assets through regulated investment channels. Charles Schwab's support will secure the assets and enhance investor confidence in the funds.
Cronos Institutional ETF Launch
The ETF series will also feature Cronos, the native token of Crypto.com, to enhance asset variety. Via the Crypto.com app, these products will be accessible to U.S. users, as well as those in Europe and Asia, further expanding Cronos’s institutional reach worldwide.
American Energy and 'Truth' Assets
In addition to cryptocurrencies, the ETFs will feature assets in American energy sectors and other industries driving economic growth and development. TMTG CEO Devin Nunes emphasized that the ETFs will focus on U.S. companies operating independently of foreign political influences, aligning with the company's mission to support innovation and industry resilience.
Trump Media’s strategy to launch ETFs focused on cryptocurrencies and national economic sectors illustrates the company's ambitions to bridge traditional and digital financial markets. Through partnerships with giants like Crypto.com and Charles Schwab, the company continues to bolster its investment potential.
