TL;DR
- Trump Media has partnered with Crypto.com to launch ETFs focused on Bitcoin and cryptocurrencies, offering regulated and accessible products.
- The ETFs will be available through global platforms, making it easier for international audiences to access them and allowing investors to integrate cryptocurrencies into their portfolios.
- In addition to the ETFs, separately managed accounts (SMAs) will be created, with an investment of up to $250 million, and the custody of the funds will be handled by Charles Schwab.
Trump Media has formed a partnership with Crypto.com to launch exchange-traded funds (ETFs) focused on Bitcoin and other cryptocurrencies.
This agreement marks the company’s entry into traditional financial markets, with the goal of offering investors a more accessible and regulated way to navigate the digital asset and cryptocurrency market with confidence.
The new ETF launch will be available through global platforms, which will help it reach a much broader audience. These products will allow investors to integrate digital assets into their portfolios without having to directly deal with traditional cryptocurrency exchanges, providing a more reliable and regulation-compliant option. The collaboration with Crypto.com and Yorkville America Digital, specialists in asset management, will strengthen the distribution of these funds in international markets, including the U.S., Europe, and Asia.
Trump Media Delegates Fund Custody to Charles Schwab
In addition to the ETFs, the agreement includes the creation of separately managed accounts (SMAs), offering a wide range of options for investors interested in these types of assets. Trump Media, together with its partners, plans to invest up to $250 million in this project. The custody of the funds allocated for this initiative will be managed by Charles Schwab, a highly regarded firm in the financial sector known for the quality of its services.
Such initiatives are a strong indication that cryptocurrencies are gradually penetrating traditional financial markets, presenting a more accessible and regulated alternative for investors seeking to diversify their portfolios. The involvement of Crypto.com and Yorkville America Digital will be essential to promote the use of crypto assets in everyday finance
