Bloomberg Intelligence analyst James Seyffart expressed skepticism regarding the lack of actual filings despite the announcements from Trump Media.

These funds will be offered through Crypto.com's broker dealer, Foris Capital US LLC, and will include a portfolio of digital assets such as Bitcoin and Cronos.

However, some analysts, like ZachXBT, have criticized the reissue of CRO tokens as a betrayal of community trust, warning it could threaten the token's long-term value.

The initiative aligns with Trump's broader strategy to position the U.S. as the 'crypto capital of the world,' as emphasized in his recent speeches.

This venture is part of a series of crypto-related projects supported by Trump, which also includes NFT collections and the DeFi protocol World Liberty Financial.

Trump Media and Technology Group has announced a partnership with Crypto.com to launch cryptocurrency exchange-traded funds (ETFs), focusing on digital assets and U.S.-centric investments.

The ETFs are expected to be available in 2025 across the United States, Europe, and Asia, pending regulatory approval.

The partnership raises potential political concerns, as U.S. Presidents engaging in private business ventures, especially with foreign firms, could be problematic.

Trump Media CEO Devin Nunes stated that the funds aim to support companies focused on rapid growth and technological innovation, free from what he describes as 'woke nonsense'.

Following the announcement, Trump Media's stock price surged by over 9% in after-hours trading, reflecting positive investor sentiment.

Cronos, one of the digital assets included in the ETFs, saw an 18% increase in value due to speculative interest, despite potential implementation challenges.

This partnership comes in the context of Trump's administration easing restrictions on the digital asset sector, including the SEC pausing legal actions against major companies.