Trump Media & Technology Group to Launch ETFs with Crypto.com
MEXICO CITY (March 24, 2025) – Trump Media & Technology Group (TMTG), the media company founded by former US President Donald Trump, announced on Monday a partnership with Crypto.com to launch exchange-traded funds (ETFs) and other financial products under its Truth.Fi brand. The move signals TMTG’s entry into the rapidly evolving cryptocurrency market.
Shares of TMTG, which operates the social media platform Truth Social, saw a 10.5% increase in after-hours trading on Monday. However, the stock has experienced a 38% decline over the past 12 months.
The forthcoming ETFs, which will be available through Crypto.com’s broker-dealer Foris Capital, are set to encompass digital assets and securities focusing on American-made products across several industries, according to a TMTG statement. The launch of these funds is slated for later this year, with an international distribution plan encompassing the US, Europe, and Asia.
Crypto.com will provide the technological infrastructure, custody solutions, and cryptocurrencies, including Bitcoin and Cronos. This backend support is pivotal to the ETFs’ functionality.
TMTG unveiled Truth.Fi, its financial services and FinTech brand, in January amidst a period of heightened interest in cryptocurrency markets. Additionally, the company’s board authorized up to $250 million (RM1.1 billion) in investments via Charles Schwab. This investment strategy aims to diversify their cash holdings, which exceeded $700 million at the end of the prior year.
In alignment with its diversification strategy, Trump Media said it plans to allocate these funds into diverse investment opportunities, including ETFs, separately managed accounts, and cryptocurrencies. In February, the company submitted trademark applications for six investment products that monitor Bitcoin, plus the US manufacturing and energy sectors.
The filed trademarks include Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and Truth.Fi US Energy Independence ETF.
