Trump cooperated by the media with Crypto.com to launch ETFS on Truth.fi (March 24)

(The story of March 24 has been corrected to say “The last three months”, not “12 months”, in paragraph 2)

(Reuters) – President Donald Trump said on Monday that it is cooperating with Crypto.com to launch the money and products circulated on the stock exchange through its brand.

The shares of the company, which runs the real social media platform, increased by 10.5 % after the bell on Monday, but decreased by 38 % in the past three months.

ETFS, which will be available through Crypto.com, the streetwalk, will include digital assets in addition to securities with “Made in America Focus” across various industries, according to a statement.

The money is scheduled to be launched later this year and will be available at the international level, including the United States, Europe and Asia.

Crypto.com will provide background technology, nursery and cryptocurrencies such as Bitcoin and CRONOS for ETFS.

Trump Media has announced the launch of its financial services and the Fintech Truth.fi brand in January, amid the encryption boom.

Its council has also authorized an investment of up to $ 250 million through Charles Schwab, as it seeks to diversify its cash property, which exceeded 700 million dollars at the end of the previous year.

Trump has said it is planning to allocate these funds in various investment options, including traded investment funds, managed accounts separately and encrypted currencies.

In February, Trump Media said she applied six investment products for Bitcoin, American manufacturing and energy sectors.

The brands include real.

(Participated in the reports of Jobi Babo in Mexico City; edited by Vigay Kishor)