Trump Media Partners with Binance on ETF Efforts
New York, USA, March 25, 2025, Chainwire
Trump Media and Technology Group (TMTG), the media company run by former President Donald Trump, has announced a partnership with Binance to launch cryptocurrency-focused exchange-traded funds (ETFs). The partnership aims to provide investors with access to cryptocurrencies such as Bitcoin, Ethereum, and other digital assets through innovative ETF products.
Expanding the ETF and Cryptocurrency Sector
Trump Media, best known for its social media platform Truth Social, has signed a non-binding agreement with Binance to launch cryptocurrency-focused ETFs. Through these ETFs, investors will have the opportunity to gain exposure to leading digital assets such as Bitcoin and Cronos, along with other energy industries.
“We look forward to creating innovative funds that bring together fast-growing, technologically innovative companies that are driving the U.S. economy,” said Devin Nunes, CEO and President of Trump Media.
Binance Provides Robust Trading Platform
Binance, one of the world’s largest cryptocurrency exchanges, will provide the trading platform for these ETFs. The Binance platform is well-known for its diverse financial products and comprehensive cryptocurrency trading services. Binance also allows users to spend crypto via debit cards and earn rewards on daily transactions.
Once launched, these ETFs will be available on the Binance app, making them easy for investors to access and trade.
The Explosion of Crypto ETFs
ETFs are one of the most popular investment vehicles today, allowing investors to gain exposure to assets without having to directly hold them. After the US Securities and Exchange Commission (SEC) gave the green light to Bitcoin ETFs last year, the market has seen a surge in investment capital. Currently, there are about 11 active cryptocurrency ETFs, with a total asset value of up to $100 million. Ethereum-focused ETFs have also attracted about $2.5 billion in net inflows.
Trump's World Liberty Financial Cryptocurrency Project
Former President Donald Trump is actively participating in the cryptocurrency sector with the World Liberty Financial project, a decentralized financial ecosystem. The project has launched the USD1 stablecoin on two leading blockchains, Ethereum and BNB Chain. The stablecoin launch marks a major step forward in Trump's financial plan, and it has attracted great attention from the cryptocurrency community.
Before his November presidential election victory, Trump promised to support the cryptocurrency industry and reduce regulations that hinder its growth. He has so far kept his promises, including establishing a strategic reserve for Bitcoin.
The Rise of Altcoin ETFs
The success of Bitcoin and Ethereum-focused ETFs has prompted asset managers to file for ETFs tracking other altcoins such as Litecoin, Dogecoin, Cardano, and Solana. This expansion demonstrates the growing demand for financial products related to cryptocurrencies.
With the launch of a stablecoin and a partnership with Binance, Trump Media is expanding its presence in the global cryptocurrency market, looking to the future of decentralized finance.