President Donald Trump’s media company has plans to launch a series of digital asset-exchange-related funds (ETFs) in collaboration with the Exchange Crypto.com.
Trump Media and Technology Group plans to roll out the ETFs via the fintech brand of the company, Truth.fi and Crypto.com’s Makelaar dealer foris Capital.
The ETFs will have a “made in America” focus and will contain a basket with crypto assets, including Bitcoin (BTC), Cronos (CRO) and others, according to a new press release.
CRO is the Native Activa of the Layer-1 Cronos-Blockchain, which was developed by Crypto.com. The Token rose by almost 30% after the partnership has been announced on Monday and is traded at $ 0.106 at the time of writing.
Bitcoin acts at $ 88.121 at the time of writing. Market Cap’s top crypto assets has been moved aside in the last day.
Trump Media plans to launch the ETFs later this year, pending the approval of the regulations and a ‘final agreement’.
Crypto.com Chief Executive Kris Marszalek says that the ETFs will be made available in the Crypto.com app for more than 140 million users around the world.
The CEO reportedly met Trump in December to discuss the crypto industry and the possibility of a National Bitcoin (BTC) reserve.
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