🇺🇸 Trump wants to issue a crypto ETF! Partnered with Crypto.com for up to $250 million
U.S. President Donald Trump's media and technology conglomerate TMTG (Trump Media & Technology Group) announced that it has signed an agreement with crypto currency exchange Crypto.com and asset management company Yorkville America Digital to launch a series of ETF/ETP products through its financial brands, covering digital assets as well as U.S.-made industry-oriented industries such as energy.
📌 產品關鍵細節:
・Legal Advisors: Davis Polk & Wardwell LLP
・Manager: Foris Capital US LLC, a subsidiary of Crypto.com
- Consignor: Charles Schwab
・Planned funding: TMTG will invest up to US$250 million in its own funds
・Expected launch date: Later in 2025, subject to regulatory approval
・Regions: U.S., Europe, and Asia
💰 Token beneficiary:
Encouraged by the news, the Crypto.com platform currency $CRO soared to $0.093317, up 12.3% in nearly 24 hours, becoming one of the biggest beneficiaries.
🤔 $WLFI Will co-ops and $TRUMP be included in ETFs?
Officials have not yet specified which tokens will be included in the ETF scope, but the market has begun to pay close attention to whether it will be included in Trump's own $WLFI, WLFI partnerships, and meme $TRUMP. Once included, it will be a major positive for the price and market recognition of these coins.
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