TMTG is to partner with Crypto.com to launch ETFs, both crypto and non-crypto, as part of its America First strategy, featuring U.S. cryptocurrencies, tech, and industrial stocks.
The potential partnership would involve TMTG's subsidiary, Truth.Fi, and Crypto.com's broker-dealer, Foris Capital US LLC, with support from Charles Schwab in terms of technical and infrastructure aspects.
TMTG's investment products will include ETFs/ETPs with Bitcoin and Crypto.com's native token CRO, as well as stocks of U.S. technology and industrial companies, while Crypto.com will provide infrastructure, custodianship, and liquidity.
CRO has already experienced a 29.1% increase in the last 24 hours, in anticipation of the potential partnership.