Shares of the company, which operates social media platform Truth Social, rose 10.5% after the bell on Monday, but have fallen 38% in the last 12 months.
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The ETFs, which will be available through Crypto.com’s broker-dealer Foris Capital, will include digital assets as well as securities with a “Made in America focus” across various industries, according to a statement.
The funds are planned to be launched later this year and will be available internationally, including the U.S., Europe and Asia.
Crypto.com will provide backend technology, custody and cryptocurrencies such as Bitcoin and Cronos for the ETFs.
Its board had also authorized an investment of up to $250 million through Charles Schwab as it seeks to diversify its cash holdings, which exceeded $700 million at the close of the previous year.
Trump Media had said it plans to allocate these funds into various investment options, including ETFs, separately managed accounts and cryptocurrencies.
The trademarks include Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF and Truth.Fi U.S. Energy Independence ETF.
Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore
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