Oh, darling, hold onto your hats! Cronos (CRO) has decided to take a delightful leap of nearly 35% in the last 24 hours, reaching the dizzying heights of $0.1111. And what’s the cause of this sudden exuberance? A rather grand announcement from the illustrious Trump Media & Technology Group (TMTG), of course! Yes, the very same company founded by our favorite former President, who is now wading into the glamorous world of exchange-traded funds (ETFs) with a charming little partnership with Crypto.com. How quaint!
Now, TMTG is unveiling a new ETF series, cheekily named Truth.Fi, which promises to include both cryptocurrencies and U.S.-focused securities. Managed by the ever-so-reliable Foris Capital US LLC, these ETFs will also dabble in key industries like energy—because who doesn’t love a bit of economic growth with their morning coffee?
Among the star-studded assets in these ETFs are Bitcoin and our dear friend Cronos, both of which are fueling a rather impressive surge in CRO’s value. The token’s market cap has now reached a staggering $2.95 billion, while its 24-hour trading volume has skyrocketed by a jaw-dropping 1,295.80% to $277 million. One can only imagine the champagne flowing!
In a rather bold statement, TMTG CEO Devin Nunes declared that these ETFs will focus on companies that prioritize growth and are, heaven forbid, free from political bias. How refreshing! He insists that the aim is to provide investment options that align with American values and economic expansion. Because nothing says ‘American values’ quite like a good old-fashioned ETF, right?
With Trump’s media company making such a daring foray into the ETF arena and cozying up to Crypto.com, investors are now perched on the edge of their seats, eagerly awaiting to see if this momentum will continue—especially for our dear Cronos. Stay tuned, darlings!
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2025-03-25 13:26