Trump Media to Invest $250 Million in 'Made in America' ETFs Tracking Crypto, Energy Securities – Decrypt

Donald Trump’s Truth, Trump Media & Technology Group, parent company of social media platforms, will invest up to $250 million in exchange sales funds and separate managed accounts tracking cryptocurrencies and energy securities. Partnership with crypto.comthe company said Tuesday.

Trump Social announcement The first non-binding agreement with Crypto.com on March 24th provided these products but did not specify financial figures at the time.

“This agreement is a major step in diversifying TMTG into financial services and digital assets,” TMTG CEO and Chairman Devin Nunes said in a statement.

The move comes as the US government ratcheted back regulations for the crypto industry.

Trump, who founded Trump Media in 2021 and defended the crypto industry repeatedly using truth, has reviewed the industry’s leading regulator, the Securities and Exchange Commission. Earlier this month, the SEC Confirmation-enhancing asset regulator Paul Atkins As chairman, months after some crypto-skeptical commissioners I left the federal agency.

Trump has also signed some Executive order To protect and promote the interests of major crypto industry players ranked most generously Donor to his inauguration fund.

Trump does not have a formal leadership position in Trump media, but he maintains a majority stake in the company. The president’s son, Donald Trump Jr. told the news agency last year that he was “deeply involved.” His father’s second administration transition team sits on the Trump Media board.

Crypto.com was the second largest crypto exchange by market share, Coingecko in December 2024 data show.

The trading platform’s Global Reach will facilitate trading of Trump Media ETFs across the US, Europe and Asia, the statement said. ETFs are one of the fastest growing investment products with crypto-centric funding for the past 16 months, leading to a surge in interest.

Edited by James Rubin