Trump Media Jumps on Crypto.com ETF Deal Backed by $250M Investment
Trump Media & Technology Group (NASDAQ:DJT) climbed 9.4% to $22.98 in late morning trading Tuesday, continuing its run after announcing a preliminary agreement with Crypto.com to launch a series of exchange-traded funds later this year via its fintech unit Truth.Fi.
The ETFs will be designed to track both digital assets and “Made in America” securities across multiple sectors, including energy. Under the arrangement, Crypto.com will supply backend infrastructure, including custody and crypto liquidity, through its U.S. broker-dealer, Foris Capital US LLC.
The funds are expected to roll out across the United States, Europe, and Asia. As part of the initiative, DJT plans to allocate up to $250 million through Charles Schwab (
