Trump Media & Technology Group (TMTG) has signed a non-binding agreement with cryptocurrency exchange Crypto.com to explore the launch of exchange-traded funds (ETFs) focused on digital assets in the US.
According to a statement by Trump Media on March 24, the agreement includes TMTG’s subsidiaries, including Truth Social and the financial services arm, Truth.Fi.
The proposed ETFs will be launched through Crypto.com’s broker-dealer arm, Foris Capital US LLC, pending regulatory approval.
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Upcoming ETFs To Focus On ‘Made in America’ Digital Assets
The ETFs are expected to feature a “Made in America” theme and may include a diversified mix of digital assets and securities.
Among the cryptocurrencies reportedly under consideration are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). Crypto.com would handle the infrastructure and custody services required to support the ETFs.
“These ETFs will be available on the Crypto.com App for our more than 140 million users globally,” said Crypto.com co-founder and CEO Kris Marszalek.
The firms also anticipate wide international distribution. This will make the ETFs accessible across the US, Europe, and Asia through existing brokerage platforms.
Another significant milestone in our 2025 Roadmap – excited to be the exclusive partner of @realDonaldTrump’s Truth Social in launching three #ETFs, including the first of its kind ETF basket and featuring $CRO https://t.co/xOlmU0S2CT
— Kris | Crypto.com (@kris) March 24, 2025
Additionally, Trump Media plans to introduce a series of Truth.Fi Separately Managed Accounts (SMAs), with TMTG committing a portion of its cash reserves to these portfolios.
This move is part of a broader push by entities linked to Trump to expand into the digital asset space.
Trump has already been connected to World Liberty Financial, a crypto platform owned by the Trump Organization, and the controversial “Official Trump” (TRUMP) meme coin, which launched shortly before his 2024 inauguration.
The ventures have drawn criticism from Democratic lawmakers. House Democrats, led by Rep. Sam Liccardo, have introduced the MEME Act. The Act prohibits federal officials and their families from profiting off meme coins.
In a blog post, Rep. Liccardo specifically named the $TRUMP token. He accused the President’s family of exploiting the public through meme coins, warning of insider trading and foreign influence via the token.
President Trump’s $TRUMP Solana memecoin was discussed federally by Congressman Sam Liccardo, calling it a rugpull: “Trump’s partners and some investors based in China pumped up the price.” pic.twitter.com/LuRUgEkqsf
— ALLINCRYPTO (@RealAllinCrypto) February 28, 2025
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Trump Media Executives Lead $179M SPAC Targeting US Crypto Acquisition
Last week, it was revealed that executives from Trump Media & Technology Group are spearheading a $179 million SPAC, Renatus Tactical Acquisition Corp I, with the goal of acquiring a U.S.-based crypto or blockchain company.
The effort was detailed in a March 14 regulatory filing. The Cayman Islands-based SPAC plans to raise funds through a mix of public and private offerings.
The leadership behind Renatus Tactical includes key figures from Trump Media.
CEO Eric Swider, a Trump Media director, previously led Digital World Acquisition Corp., the SPAC that took Trump Media public. Alexander Cano, the COO, also has ties to Digital World, while Trump Media CEO Devin Nunes serves as chair of Renatus Tactical.
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Key Takeaways
- Trump Media has signed a non-binding deal with Crypto.com to launch U.S.-focused digital asset ETFs.
- The ETFs will feature a “Made in America” theme and may include assets like Bitcoin, Ethereum, and Solana.
- This move expands Trump-linked ventures into crypto, drawing political scrutiny and sparking regulatory concerns.
The post Trump Media Signs Agreement With Crypto.com To Explore US Crypto ETFs appeared first on 99Bitcoins.