Trump Media to Invest $250 Million in 'Made in America' ETFs Tracking Crypto, Energy Securities
Trump Media & Technology Group (TMTG) will invest up to $250 million in exchange-traded funds (ETFs) and managed accounts focused on cryptocurrency and energy securities through a partnership with Crypto.com. This follows a non-binding agreement made on March 24. TMTG CEO Devin Nunes stated this agreement diversifies the company into financial services and digital assets. The investment aligns with reduced U.S. government regulation on the crypto industry. Trump Media, founded by Donald Trump in 2021, has seen leadership changes at the SEC favoring pro-digital asset regulations. Trump holds a majority stake in TMTG, with his son, Donald Trump Jr., on the board. Crypto.com is the second-largest crypto exchange by market share, facilitating ETF trading globally. ETFs have seen significant growth, particularly in crypto-focused funds over the past 16 months.
