A strategic partnership has been formed between Crypto.com, Trump Media & Technology Group (TMTG), and Yorkville America to launch a series of exchange-traded funds (ETFs).
This initiative, disclosed on March 24, will introduce TMTG-branded ETFs that integrate both digital and traditional assets.
ETF Initiative
The product lineup will include a crypto-centric ETF basket, featuring Bitcoin, Crypto.com’s native Cronos (CRO) token, along with various other digital currencies.
As part of the agreement, Crypto.com will offer backend technology and custodial services through its US Trust Company. The platform will also manage the crypto asset supply for these ETFs, which will be marketed through its affiliated broker-dealer, Foris Capital US LLC.
The CEO of Crypto.com, Kris Marszalek, shared his enthusiasm regarding this venture, emphasizing the opportunity for users to achieve broader exposure to cryptocurrency through reliable branding. He stated that once the products receive approval, they will be accessible on the Crypto.com app for users in qualifying regions.
A subsidiary of TMTG, Truth Social, is anticipated to submit the required ETF documentation to the US Securities and Exchange Commission (SEC) shortly.
If approved, these offerings will represent yet another cryptocurrency venture associated with US President Donald Trump. In recent years, entities tied to Trump have launched several NFT collections and recently introduced a decentralized finance project called World Liberty Financial (WLFI).
Community Concerns
Crypto.com has faced significant criticism over the past week for reissuing 70 billion CRO tokens that were originally burned in 2021.
On March 25, ZachXBT criticized the decision, labeling it a betrayal of decentralization and transparency. He asserted that the reissued amount represented 70% of the total CRO supply, raising fears about centralization and potential dilution of long-term value.
As he stated:
“CRO is no different from a scam. Your team just reissued 70B CRO a week ago that was previously burned ‘forever’ in 2021 (70% total supply) and went against the community wishes as you control majority of the supply.”
In response, Marszalek defended the reissue during a March 25 AMA, suggesting it reflects shifting political climates and growing institutional support for cryptocurrency.
He characterized the original burn as a tactical decision made during a tougher regulatory environment and positioned the new issuance as vital for future growth.
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