Donald Trump-linked stocks and memecoins surge on crypto ETF move
Trump Media & Technology Group (TMTG), the company behind Truth Social, is expanding into the digital assets and finance via crypto exchange-traded funds (ETFs).
The company revealed on April 22 that it finalized its partnership with Crypto.com and Yorkville America Digital to launch a line of ETFs under the “Truth.Fi” brand.
These ETFs aim to combine exposure to digital assets and key US sectors such as energy. The funds could launch later this year and be accessible across North America, Europe, and Asia via existing brokerage platforms.
The firm confirmed that it will commit up to $250 million of its own capital to these new financial instruments, with Charles Schwab acting as the primary custodian.
This strategy suggests the firm…
