Trump Media Signs ETF Launch Agreement with Crypto.com and Yorkville America

Son Min

Summary

Trump Media & Technology Group reported that it has signed an ETF launch agreement with Crypto.com and Yorkville America Digital.
With this agreement, Truth.Fi's 'Made in America' ETF is expected to consist of U.S. themed securities and commodities, including virtual assets.
Devin Nunes, CEO of Trump Media Group, stated that the goal is to expand financial services into the virtual asset sector through this agreement.

*Source=Trump Media Group Homepage Capture*

Trump Media & Technology Group has reportedly signed an agreement with Crypto.com and Yorkville America Digital to launch an Exchange-Traded Fund (ETF).

According to GlobeNewswire on the 22nd (local time), Trump Media & Technology Group stated, "We have signed a legal agreement with Crypto.com and Yorkville America Digital for the launch of an ETF." Previously, in March, the three companies announced a verbal agreement.

This agreement aims to launch the 'Made in America' ETF by Trump Media Group's fintech company Truth.Fi. The ETF will consist of U.S. themed securities and commodities, including virtual assets (cryptocurrencies). The launch is expected by the end of this year.

Devin Nunes, CEO of Trump Media Group, said, "This agreement is an important milestone in expanding Trump Media Group's financial services into the virtual asset sector," and added, "We will strive for investors who believe in the significant growth of the U.S. economy and virtual assets."