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Trump Media and Technology Group announced on Monday that it was participating with Crypto.com exchange traded funds (ETF) and other products through its truth.
chairman Donald Trump’s The media company will offer ETF through Crypto.com’s broker-dealer Fouris Capital, which, according to the company, a variety of industries including energy will include digital assets and securities with “Made in America focus”.
ETF Prasad is also expected to include digital assets with a unique basket of cryptocurrency including bitcoin. Crypto.com will support backand technology and custody, handling the supply of cryptocurrency for these ETFs.
Companies plan to launch ETFs later this year, pending regulatory approval, and will be available internationally, internationally, including America, Europe and Asia in existing platforms and brokerage.
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Trump Media CEO Dewin Nuns described the investment offerings as “nonsense nonsense and ignorant of political posture”. (Dialon Hallingsworth / Bloomberg Getty Image / Getty Image)
TMTG CEO Dewin Nuns said, “Our aim is to include firms, focusing on rapid growth, technological innovation and strengthened the US economy, which is unabated by rubbish and political posture.” “Investors will finally have options that follow their principles and support better American companies that focus on their main occupations.”
Krrish Marszalek, co-founder and CEO of Crypto.com, said that Prasad will include a “first-key kind” Token basket, Including the CRO, “adding they will provide more options to investors in the market.
He said, “These ETFs will give more options to consumers with a loyalty from a brand. Once launched, these ETFs will be available on the Crypto.com app for more than 140 million users around the world,” he said.
ETF Prasad will include a basket of cryptocurrency. (Photo Illustration by Chesnote / Getty Image / Getty Image)
The ETF launch is expected to be with the Slate of Trump Media’s truth. Separate managed accounts (SMA).
Trump Media plans to invest in both SMA and ETFs up to $ 250 million of its cash reserves, which will be detained by Charles Schwab.
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In February, Trump Media applied on trademark six Investment product He tracks bitcoin and US manufacturing and energy sectors. The trademark includes truth.
Reuters contributed to this report.
