Trump Media Plans Crypto ETPs With Crypto.com, Shares Jump 9%
Trump Media (DJT), the parent company of Truth Social, is in talks with Crypto.com to launch a lineup of exchange-traded products (ETPs) and exchange-traded funds (ETFs), the company announced Monday.
The upcoming investment vehicles will feature a mix of crypto assets and stocks from industries such as energy. Crypto.com will provide key infrastructure, including custody solutions and trading support.
The launch is targeted for 2025, pending regulatory approvals.
This initiative marks another crypto push from Trump-affiliated ventures, following past NFT collections, memecoins, and the launch of the DeFi protocol World Liberty Financial (WLFI).
Following the announcement, DJT shares surged more than 9% in after-hours trading.
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