Trump Media’s $250M Crypto ETF Plan: Bitcoin Meets ‘Made in America’

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Trump Media Unveils $250M Crypto ETF Plan With Crypto.com and Charles Schwab

Trump Media recently revealed a 250-million dollar strategy aimed at introducing Crypto Exchange Traded Funds (ETFs) and Separately Managed Accounts (SMAs). This innovative approach combines traditional American values with modern digital finance, aiming to attract investors worldwide.

Trump Media Introduces ETF Strategy Featuring Bitcoin and Made-in-America Assets

On Monday, Trump Media and Technology Group Corp., a company headquartered in Sarasota, Florida and primarily owned by former U.S. President Donald Trump, disclosed plans for a collaboration with Crypto.com. This partnership aims to debut a variety of exchange-traded funds (ETFs) and separately managed accounts (SMAs) this year on the Nasdaq stock market, where it trades under the symbol DJT.

The ongoing initiative (yet to be fully agreed upon and subject to regulatory consent) falls within the scope of a wider financial technology growth strategy under Trump Media’s Truth.Fi label. The official statement outlines this development as follows:

Through Crypto.com’s broker dealer Foris Capital US LLC, the anticipated ETFs will contain both digital assets and American-made securities, encompassing various sectors like energy, from multiple industries.

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As a researcher, I can share that our strategic plan involves setting aside up to $250 million from Trump Media’s own funds. This investment will be directed towards Exchange-Traded Funds (ETFs) and Single Manager Accounts (SMAs), which we, TMTG, intend to invest in using our cash reserves. These investments are integral parts of our financial services and fintech strategy, with the funds for these assets to be held by Charles Schwab as custodian.

According to the recent announcement, the suggested ETFs will utilize Crypto.com’s technology and resources for technical assistance and asset management. This includes backing the technology, ensuring the safekeeping of assets, and supplying cryptocurrencies such as bitcoin, Cronos, and other digital currencies for these ETFs. The ETFs are expected to feature a distinctive combination of various cryptocurrencies in their basket.

Devin Nunes, TMTG’s Chairman and CEO, described this move as a blend of ideological and financial change: “We are thrilled to align with Crypto.com, together with our partner Yorkville America, to debut ‘America First’ investment products that champion innovative cryptocurrency ventures, robust American companies, and advanced technologies.” He also mentioned that the objective is to provide investors with opportunities that align with their values and bolster outstanding U.S. companies specializing in their key sectors.

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The launch strategy aspires to establish a wide presence globally, targeting accessibility in significant worldwide areas, as mentioned in the announcement.

The funds, contingent upon finalizing agreements and obtaining necessary approvals, are tentatively scheduled for release later this year. They aim to be accessible globally, encompassing regions such as the U.S., Europe, and Asia, through various existing platforms and brokerage services.

Kris Marszalek, CEO of Crypto.com, showed excitement about the partnership: “We feel honored to team up with Truth Social and Yorkville America for the launch of these innovative ETFs, including one featuring a unique collection of tokens, including our own CRO token. These ETFs will offer consumers additional choices from a well-liked brand.” The collaboration highlights Trump Media’s efforts in financial services, while extending Crypto.com’s influence into political digital finance products.

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2025-03-25 03:00