The post CRO Soars Following Trump Media’s Crypto Partnership with Crypto.com appeared on BitcoinEthereumNews.com.

In a major development that has caught the eye of both the cryptocurrency and conventional financial sectors, the native token of Crypto.com, CRO, skyrocketed more than 30% following news that Trump Media, the parent company of Truth Social, is in talks with the popular cryptocurrency exchange to create and launch a series of crypto-based exchange-traded funds (ETFs). The development sent a ripple through the cryptocurrency community, underscoring an increasingly apparent blending of the digital asset world with traditional financial products. The intended partnership between Trump Media, which is headed by the former U.S. president Donald Trump, and Crypto.com is about forging a new line of investment products that are half digital assets and half traditional securities—with a decided tilt toward industries in the USA. The two companies plan to seek partners among big international banks and law firms. They expect to roll out a version of ETFs, or exchange-traded funds, and possibly ETPs, or exchange-traded products, later this year, pending regulatory approval. Their offering is likely to be a mix of big-name cryptocurrencies, with some, like Bitcoin ($BTC), expected to be the core holdings. A New Era for Crypto-Based ETFs and ETPs This collaboration is far-reaching in its impact, and by far the most intriguing aspect is what it means for not just the cryptocurrency market but also the larger financial industry. With the announcement of the partnership, the two firms plan to launch what may be the first crypto-backed ETFs and ETPs. For years, the widespread adoption of crypto ETF and ETP products has been an oft-promised but rarely delivered aspect of the development of the digital asset marketplace. 🚨NEW: @realDonaldTrump’s media company Trump Media, parent company of Truth Social, has announced a partnership with @cryptocom to launch a series of ETFs and ETPs “comprised of digital assets as…

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Filed under: News - @ March 26, 2025 7:23 am