<p>President Donald Trump's media company Trump Media & Technology Group said on Monday it is partnering with Crypto.com to launch exchange-traded funds and products through its Truth.Fi brand.</p><p>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.</p><p>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.</p> .<p>The funds are planned to be launched later this year and will be available internationally, including the U.S., Europe and Asia.</p><p>Crypto.com will provide backend technology, custody and cryptocurrencies such as Bitcoin and Cronos for the ETFs.</p><p>Trump Media announced the launch of its financial services and FinTech brand Truth.Fi in January, amid a crypto boom.</p><p>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.</p><p>Trump Media had said it plans to allocate these funds into various investment options, including ETFs, separately managed accounts and cryptocurrencies.</p><p>In February, Trump Media said it has applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors.</p><p>The trademarks include Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF and Truth.Fi U.S. Energy Independence ETF. </p>
<p>President Donald Trump's media company Trump Media & Technology Group said on Monday it is partnering with Crypto.com to launch exchange-traded funds and products through its Truth.Fi brand.</p><p>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.</p><p>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.</p> .<p>The funds are planned to be launched later this year and will be available internationally, including the U.S., Europe and Asia.</p><p>Crypto.com will provide backend technology, custody and cryptocurrencies such as Bitcoin and Cronos for the ETFs.</p><p>Trump Media announced the launch of its financial services and FinTech brand Truth.Fi in January, amid a crypto boom.</p><p>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.</p><p>Trump Media had said it plans to allocate these funds into various investment options, including ETFs, separately managed accounts and cryptocurrencies.</p><p>In February, Trump Media said it has applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors.</p><p>The trademarks include Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF and Truth.Fi U.S. Energy Independence ETF. </p>