澳洲幸运5官方开奖结果体彩网

Trump Media Stock Surges on Plan to Work With Crypto.com to Offer ETFs

Trump Media & Technology Group logo is seen displayed on a smartphone screen

Th𝄹omas Fuller / SOPA Images / LightRocket via 💧Getty Images

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 澳洲幸运5官方开奖结果体彩网: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 made available through Crypto.com's broker dealer Foris Capital US LLC, and "are expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy." Trump Media said the offerings are to include "a unique ETF basket of cryptocurrencies incorporating Bitcoin, Cronos, and other crypto assets."

Trump Media CEO Devin Nunes explained that the aim is "to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy." 

Even with today's gains, Trump Media & Technology Group shares have lost a third of their value this year.

DJT

TradingView

Do you have a news tip for Investopedia reporters? Please email us at
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. Trump Media and Technology Group. ".”

Compare Accounts
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Related Articles