Trump Media Seals ETF Partnership with Crypto.com, Sparking Global Altcoin Movement
22.04.2025 13:36
Donald Trump’s media company, Trump Media and Technology Group, has completed a strategic agreement with exchange Crypto.com and Yorkville America Digital to launch a series of altcoin ETFs under the Truth.Fi brand. The proposed ETFs, pending regulatory approval, will feature a select basket of digital assets including Bitcoin (BTC), Cronos (CRO) and other cryptocurrencies along with U.S.-focused securities. The products are slated for global distribution across major markets in the United States, Europe, and Asia through brokerage platforms, marking a significant step in merging traditional finance with the crypto industry. The deal, which also involves legal advisory from Davis Polk & Wardwell LLP, has already induced noticeable market response as Cronos (CRO) initially surged by up to 10% before retracting most gains. This initiative is viewed as a driver of increased institutional and retail interest in regulated crypto investment products.
Bitcoin is likely to see incremental positive momentum as its inclusion in the ETF basket attracts institutional interest and broadens market exposure. The regulated nature of the product could mitigate risk perceptions, fostering a gradual price increase over the long term, though the pending regulatory approval adds a short-term uncertainty factor.
Cronos experienced an immediate price surge following the announcement, reflecting strong short-term market enthusiasm. However, the quick retraction signals initial volatility. In the longer term, as the ETF gains regulatory clearance and the platform's global distribution takes effect, CRO may benefit from sustained demand driven by enhanced visibility and broader usage.
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