You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The ETFs will be rolled out through Trump Media’s decentralized finance brand Truth.Fi and made available to investors via Crypto.com’s broker-dealer Foris Capital, the company announced on April 22.

Funds Expected to Launch in 2025

The ETFs are scheduled for launch later in 2025, pending regulatory approval. U.S. law firm Davis Polk will advise the development and compliance aspects of the project.

Trump Media also plans to allocate a portion of its $250 million in reserves, held with Charles Schwab, into these ETFs. The launch will also include a set of Truth.Fi Separately Managed Accounts.

This deal marks another major crypto venture for the Trump family. They recently launched World Liberty Financial, a crypto platform featuring a native token and plans for a stablecoin. Trump’s sons, Eric and Donald Jr., are also involved in a mining project called American Bitcoin.

Following the announcement, Crypto.com’s native token CRO surged by 12% to $0.09, though it’s still down 90% from its 2021 all-time high.

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