Trump Media & Technology Group (TMTG) has announced a strategic partnership with leading cryptocurrency exchange Crypto.com to roll out a series of exchange-traded funds (ETFs) centered on digital assets and American-focused investments. This initiative was introduced under TMTG’s financial services arm, Truth.Fi aims to provide investors with exposure to a combination of cryptocurrencies and stocks from sectors that align with a vision of bolstering the U.S. economy. While the official announcement specifically mentioned Bitcoin (BTC) and Cronos (CRO) as core assets within these ETFs, initial communications from Crypto.com suggested that Ethereum (ETH), Solana (SOL), and XRP would also be included. However, the company later revised its statement, removing direct references to XRP and other tokens, fueling speculation within the crypto community. A Bold ETF Strategy by Trump Media Expanding beyond its social media ventures, TMTG has been making strides in the financial sector. According to CEO Devin Nunes, these ETFs are designed to offer investment options aligned with pro-growth American economic principles while steering clear of political distractions. Crypto.com will play a key role in structuring and overseeing the funds, utilizing its brokerage subsidiary, Foris Capital US LLC, to manage custody and technical operations. Once regulatory approvals are secured, these investment products will be available to markets in the United States, Europe, and Asia. Why Did Crypto.com Backtrack on XRP? Crypto.com’s initial mention of XRP in its ETF lineup, followed by its quiet removal, has raised eyebrows within the crypto sector. Some analysts believe regulatory concerns might be behind the adjustment. And XRP https://t.co/fXz0QTTQjk will be the exclusive partner of Truth Social for three #ETFs , and a first of its kind ETF basket of cryptocurrencies including BTC, ETH, SOL, CRO, and XRP. https://t.co/YtvTh9OfNE pic.twitter.com/m24Ppsav8M — 𝗕𝗮𝗻𝗸XRP (@BankXRP) March 24, 2025 Even though the SEC recently dropped its appeal in the ongoing Ripple case, the regulatory body has yet to greenlight an XRP-based ETF despite multiple filings. Major financial firms, including Grayscale , Canary Capital, and WisdomTree, have submitted applications for XRP ETFs , with the SEC already acknowledging key regulatory filings. The XRP community eagerly awaits an official ruling, as approval could mark a significant milestone for the digital asset. Speculation is mounting that Crypto.com retracted its statement to avoid premature regulatory scrutiny before formal filings are made. Notably, Ethereum and Solana—also originally mentioned—were similarly omitted from the updated statement, suggesting broader caution rather than XRP-specific concerns. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 TMTG’s Financial Expansion Gains Momentum Trump Media’s move into the investment space signals a significant shift for the company. Reports indicate that TMTG plans to allocate up to $250 million in capital—held in custody with Charles Schwab—to support these ETFs. In addition to the ETF launch, the company is also introducing separately managed accounts (SMAs) as part of its broader financial services expansion. Meanwhile, World Liberty Financial, a separate financial initiative linked to President Trump, has been making waves in the crypto sector. In a recent move, the firm partnered with Sui, adding its token to its Macro Reserve holdings. As TMTG deepens its footprint in financial markets, its latest ETF initiative could set the stage for more crypto-backed investment products, further integrating digital assets into mainstream finance. Trump Media’s foray into the investment sector reflects a growing convergence between traditional finance and digital assets. With regulatory clarity still unfolding, how these ETFs will impact the broader crypto market remains to be seen. However, the move signals increasing institutional interest in crypto-backed investment products. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Trump Media Set to Launch ETFs Featuring XRP and Other Digital Assets appeared first on Times Tabloid .
