Well, well, well, look who’s diving into the wild world of crypto! Trump Media has decided to team up with Crypto.com and Yorkville America Digital for a new venture that’s just as bold as you’d expect. They’re about to roll out some shiny new exchange-traded funds (ETFs) and other financial tools under the *totally* subtle name, Truth.Fi. Hold on to your wallets, folks.
So, here’s the deal: Crypto.com is doing all the techy stuff – you know, infrastructure, securing those precious assets, and tossing in some crypto to actually make this all work. The ETFs will feature a delightful mix of digital assets like Bitcoin, a smattering of altcoins, and some good ol’ U.S.-based blockchain-related stocks. Oh, and let’s not forget the *super patriotic* “Made in America” theme. Because nothing says ‘trustworthy financial product’ like waving a flag while handling virtual money. 🇺🇸
The big launch is set for 2025 (unless the regulatory gods decide otherwise, of course), and these ETFs will be distributed through Crypto.com’s affiliated brokerage. But wait—there’s more! Truth.Fi is also planning to throw in separately managed accounts, with Charles Schwab playing the role of the ‘advice-giver’ and ‘custodian.’ Who knew financial advice could come with so many layers of *surprise*
Backed by a *whopping* $250 million from Trump Media’s reserves (because who needs a savings account when you’ve got crypto?), this move marks a serious jump into the digital asset game. Truth.Fi’s launch earlier this year made waves, and now they’re diving headfirst into financial services. Next stop: world domination… or, you know, just some ETFs.
Trump’s family and their loyal crew have also been busy hyping up decentralized finance ventures, like *World Liberty Financial* (sounds like a superhero, right?). Meanwhile, Yorkville’s CEO, Troy Rillo, is all about that ETF life, predicting strong investor interest in the coming cycle. We’ll see if that prediction holds up… but we’ll be watching closely because nothing says excitement like a crypto rollercoaster 🎢.
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2025-04-23 05:26