Trump’s Truth.Fi to Launch Crypto ETFs and ETPs in Partnership with Crypto.com

• The platform could start offering products by the end of this year, subject to approvals
• CRO has seen its price jump by over 10% since the announcement

The week has kicked off with bullish news from the team of President Donald Trump. Earlier today, Trump Media announced its intention to partner with leading crypto exchange Crypto.com. This partnership will see Trump Media launch crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs). If the deal is signed, Truth.Fi – the FinTech side of Trump Media – could launch the products later this year, subject to regulatory approval.

The official announcement read:
> “has signed a non-binding agreement to partner with Crypto.com, America’s premier crypto trading platform, to launch a series of exchange-traded funds and exchange-traded products (collectively, “ETFs”) through the Truth.Fi brand.”

The announcement further stated that the broker dealer for the ETFs would be Foris Capital US LLC through Crypto.com. Interestingly, the ETFs will not be limited to the digital currency industry. They are “expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy.” Additionally, these products could be available to customers internationally including in the United States, Europe, and Asia, across existing platforms and brokerages.

Notably, the partnering crypto-exchange Crypto.com will play a major role if the partnership deal is signed. As per the press release, the exchange will be providing Truth.Fi backend technology support, custody services, and will supply the cryptocurrencies needed for the ETFs.

Trump Media Partnership Gives Massive Boost to Cronos

The announcement mentioned Cronos (CRO), which currently ranks 41st based on market cap on CoinMarketCap and is the utility token of Crypto.com. The statement specified:
> “Crypto.com will support the backend technology, provide custody, and supply the cryptocurrencies for the ETFs, which are anticipated to include a unique ETF basket of cryptocurrencies incorporating Bitcoin, Cronos, and other crypto assets.”

According to CoinMarketCap, CRO has seen its price skyrocket by over 10% in the past hour. The coin was trading at $0.0914 with a market cap of $2.23 billion and a trade volume of $50.09 million. The 1-day chart registered an uptrend of over 14%, while the 7-day chart showed an uptrend of over 7%.

Additionally, Trump Media has experienced a positive reaction, with the price of its shares jumping by over 3% today, according to Yahoo Finance. The company was trading at $22.50 at press time, with a market cap of $4.631 billion.