Cronos (CRO) has soared almost 35% in the last 24 hours, climbing to $0.1111 after a big announcement from Trump Media & Technology Group (TMTG). The company, started by former U.S. President Donald Trump, is entering the exchange-traded funds (ETFs) market through a new partnership with Crypto.com.
TMTG is rolling out a new ETF series called Truth.Fi, which will include both cryptocurrencies and U.S.-focused securities. These ETFs, managed through Foris Capital US LLC, Crypto.com’s broker-dealer, will also cover key industries like energy that drive economic growth in the U.S.
Bitcoin and Cronos are among the key assets included in these ETFs, fueling a surge in CRO’s value. The token’s market cap has climbed to $2.95 billion, while its 24-hour trading volume has skyrocketed by 1,295.80% to $277 million.
TMTG CEO Devin Nunes said these ETFs will focus on companies that prioritize growth and are free from political bias. He emphasized that the goal is to provide investment options that align with American values and economic expansion.
With Trump’s media company making a bold move into the ETF space and teaming up with Crypto.com, investors are now watching to see if this momentum will continue, especially for Cronos.
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