Trump Media, Forms partnership with Crypto.com and Yorkville…Cryptocurrency ETF to be launched within the year

The Trump family launching various cryptocurrency projects (Source: Investopedia)

Trump Media and Technology Group (DJT) partners with cryptocurrency exchange Crypto.com and digital asset platform Yorkville America to launch a cryptocurrency-based ETF. The company announced that the three companies have officially signed an ETF product development contract and plan to launch the ETF by the end of this year through a new fintech brand called ‘Truth.Fi’.

The upcoming ETF is expected to consist of assets themed around ‘Made in America’ such as cryptocurrencies and energy. In particular, this project is interpreted as part of building a financial ecosystem linked to President Trump's economic and energy independence strategy beyond the simple launch of a financial product.

The industry is paying attention to this contract as a case symbolizing the combination of politics and fintech, and the possibility of synergy with Truth Social is also being raised. DJT plans to quickly expand its presence in the cryptocurrency-based public financial product market targeting American investors through this ETF.