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Trump's Company Signs Agreement for Giant Exchange Crypto-Focused ETFs! - Coin Bulletin
Trump Media has taken a significant step toward launching a series of cryptocurrency ETFs with its agreement with Crypto.com and asset management company Yorkville America Digital.
The company behind President Donald Trump's Truth Social platform has partnered with Crypto.com and Yorkville America Digital to launch a series of exchange-traded funds (ETF). This agreement was signed following a non-binding agreement made last month. The new ETFs will consist of digital assets and securities focused on "Made in America".
Crypto.com will provide the infrastructure technology for ETFs and support the custody and supply of digital assets. The planned ETFs will offer a unique basket that includes Bitcoin and other altcoins, as well as crypto-focused stocks. These new products will be widely accessible in the U.S., Europe, and Asia.
Start in 2025
ETFs are expected to be launched after obtaining regulatory approval in 2025. Trump Media CEO Devin Nunes described this partnership as an important step for the company in terms of diversification in financial services and digital assets. With the launch, the Truth.Fi platform will use Charles Schwab as its advisor and custodian service provider.
In addition to these ETFs, Truth.Fi also plans to offer Accounts (SMA) services managed in collaboration with Charles Schwab. It is expected that Trump Media and Crypto.com will receive significant attention after the deal.