Trump Media and Technology Group has reached an agreement with Crypto.com and Yorkville America Digital to launch ETFs focusing on American industries, primarily in the energy sector, under the DeFi brand Truth.Fi. Set to launch in 2025, these funds will be subject to regulatory approval. This venture marks a significant expansion for Trump Media into cryptocurrency markets.
Trump Media and Technology Group has announced a binding agreement with Crypto.com and Yorkville America Digital to create exchange-traded funds (ETFs) that emphasise “Made in America” assets. This initiative represents a strategic move into the financial services and cryptocurrency sectors. The agreement, revealed on April 22, aligns with the company’s goal to leverage the growing digital asset market.
The ETFs will focus on digital assets and securities related to key American industries, particularly in the energy sector. They will be launched through Trump Media’s DeFi brand, Truth.Fi, and will be accessible via Crypto.com’s broker-dealer division, Foris Capital. The anticipated launch date is in 2025, contingent on regulatory approvals. CEO Devin Nunes expressed enthusiasm for the potential growth of both American economy and digital assets.
