The post Making sense of Trump Media’s ETF link-up with Crypto.com appeared on BitcoinEthereumNews.com.

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As I chatted with execs about the future of crypto ETFs at the Exchange conference in Las Vegas, it came out that Trump Media and Technology Group was linking up with Crypto.com to launch the same such funds. Crypto.com initially wrote on its X account that there would be three ETFs in particular: one ETF holding bitcoin, one investing in both BTC and ETH, and another ETF holding BTC, ETH, solana, cronos (CRO), and XRP. It appears the post was later modified to just mention “a first of its kind ETF basket of cryptocurrencies, including CRO and other crypto assets.” A Trump Media release also talks of ETFs comprising “securities with a Made in America focus spanning diverse industries such as energy.” The funds would be made available via Crypto.com’s broker-dealer Foris Capital US. So we don’t know exactly which products the companies could file for. I sought further clarity on this from the two companies and received none.  We do know that Trump Media in February applied for trademarks for Truth.Fi-branded ETFs and SMAs with “Made in America,” “US Energy Independence” and “Bitcoin Plus” labels. The company noted that Yorkville Advisors would act as the registered investment advisor (RIA) for the vehicles. Adding Crypto.com to this partnership (to offer custody and supply the crypto assets for the ETFs) is perhaps not super surprising, given Trump’s meeting with Crypto.com CEO Kris Marszalek in December.  Still, The ETF Store president Nate Geraci gave this take on X: “While there are certainly some questions that could be raised around conflicts of interest given the venture’s dependence on the regulatory backdrop, Trump is obviously putting his money where his mouth is on crypto,” Geraci told me. I saw Bloomberg…

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Filed under: News - @ March 25, 2025 8:24 pm