In brief
- Trump Media & Technology Group will invest up to $250 million in ETFs and separately managed accounts.
- The investment products will track cryptocurrency and energy securities.
- Trump Media is the parent company of President Trump’s Truth Social platform.
Trump Media & Technology Group, the parent company of U.S. President Donald Trump’s Truth Social media platform, will invest up to $250 million in exchange-traded funds and in separately managed accounts tracking cryptocurrency and energy securities as part of partnership with Crypto.com, the companies said Tuesday.
Trump Social announced an initial non-binding agreement with Crypto.com on March 24 to offer these products but did not specify any financial figures at the time.
