President of the United States Donald Trump and his media company, Trump Media & Technology Group, have entered into an agreement with the largest US exchange, Crypto.com, to launch a number of investment products for the retail market, including cryptocurrencies. The plan includes a series of exchange traded funds (ETFs). The products will be available both in the US and abroad.
Trump Media, which owns the Truth Social streaming and social platform, said that the funds are expected to be launched in 2025, subject to all necessary approvals.
The ETF filings have not yet appeared on the website of the US Securities and Exchange Commission (SEC).
On March 27, Crypto.com reported that the SEC had officially closed its investigation into the company, which began in 2024, and would not take any legal action.
The Trump family already has a number of crypto projects: NFTs with Trump’s image, memecoins, a stake in the newly created mining company American Bitcoin and cryptocurrency platform World Liberty Financial. Also in the plans launching a blockchain gamesimilar to «Monopoly».
In January, the Trump Organization announced that the former president’s investments, assets, and business interests, including his $2.7 billion stake in Trump Media, would be transferred to a trust managed by his children.
There are already several ETFs whose investment strategy is aligned with Trump’s political priorities. The largest of them is the American Conservative Values ETF, which was launched in October 2022 and currently has $110 million in assets. God Bless America ETF manages $79.4 million in assets.
Source: Reuters
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