Trump Media Stock Surges on Plan to Work With Crypto.com to Offer ETFs
Key Takeaways
- Trump Media & Technology Group is partnering with Crypto.com to offer exchange-traded funds to investors.
- The ETFs are expected to be made up of cryptocurrencies and securities with a “Made in America” focus.
- The plan is set to launch later this year.
Shares of Trump Media & Technology Group (DJT) surged 9% Tuesday, a day after President Donald Trump’s social media firm teamed with cryptocurrency trading platform Crypto.com to offer exchange-traded funds (ETFs).
The operator of the Truth Social site, the Truth+ streaming platform, and Truth.Fi financial technology brand announced that the products would be launched later this year through Truth.Fi.
‘Made in America’ Focus
The agreement calls for the ETFs to be…
