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Luckyjerry🍀
@luckyjerry
On March 24, 2025, Trump Media & Technology Group (TMTG) announced a partnership with Crypto.com to launch a new line of ETFs (Exchange-Traded Funds) under its fintech brand, Truth.Fi. These ETFs will combine cryptocurrencies with key American industries for a unique investment offering. 💡 What kind of ETFs are they launching? * The funds will include major cryptocurrencies like Bitcoin (BTC) and Cronos (CRO) * They’ll also include stocks from American industries like energy and tech * The concept is a blend of “crypto investing + Made in America” themes 🤝 What role does Crypto.com play? * Provides the cryptocurrencies included in the ETFs * Offers technical infrastructure and custody solutions * In other words, Crypto.com is acting as the tech partner and liquidity provider https://www.reuters.com/technology/trump-media-teams-up-with-cryptocom-etfs-2025-03-24/
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Luckyjerry🍀
@luckyjerry
🌍 Where will these ETFs be available? * The plan is to offer them not just in the U.S., but also in Europe and Asia * However, the launch is pending regulatory approval, so the actual release is expected sometime within 2025
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Luckyjerry🍀
@luckyjerry
💸 Any additional plans? * Truth.Fi will also launch Separately Managed Accounts (SMAs) * TMTG plans to invest up to $250 million USD in support of these services
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Luckyjerry🍀
@luckyjerry
📊 How did the market react? * After the announcement, Trump Media’s stock jumped 9.4% in after-hours trading * The crypto market also responded positively, with investors seeing this as a sign that Trump is making a serious move into crypto finance
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