• Trump Media & Technology Group (TMTG) teams up with Crypto.com for an ETF initiative.
  • The partnership seeks to merge digital assets with traditional finance.
  • This move could drive broader cryptocurrency adoption in mainstream markets.

Trump Media & Technology Group (TMTG), the company behind the social media platform Truth Social, has announced a partnership with Crypto.com to launch exchange-traded funds (ETFs) tied to Truth Social, which will blend digital assets with traditional finance.

Announced on Monday, the partnership aligns with TMTG’s goal of expanding into the fast-growing ETF market, particularly with a focus on cryptocurrency.

TMTG CEO and Chairman Devin Nunes said that it was looking “to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy."

Crypto.com, a leading digital asset platform, has strengthened its presence in regulated markets, making it an ideal partner for TMTG’s ETF ambitions.

It will also provide regulatory-compliant expertise, backend technology, custody services, and cryptocurrencies like Bitcoin and Cronos to support the ETF launch

The collaboration will leverage Crypto.com’s expertise in cryptocurrency and blockchain infrastructure to facilitate the launch of these ETFs.

While details regarding the specific structure of the funds remain undisclosed, the initiative is expected to attract both institutional and retail investors interested in exposure to the social media-driven asset class.

According to a statement, the ETFs will be offered through Crypto.com's broker-dealer, Foris Capital, and will feature digital assets along with securities emphasizing a "Made in America" focus across multiple industries.

Following the ETF announcement, TMTG shares, which operates social media platform Truth Social, rose 10.5% after the bell on Monday, but have fallen 38% in the last 12 months.

With the SEC's approval of Bitcoin ETFs last year, the market has grown, with 11 funds managing $100 million and Ethereum-focused funds attracting $2.5 billion in net inflows.

Edited by Harshajit Sarmah