Trump Media Eyes Crypto ETPs With Crypto.com, Stock Climbs 9%
Trump Media (DJT), the company behind Truth Social, is exploring a partnership with Crypto.com to roll out a series of exchange-traded products (ETPs) and exchange-traded funds (ETFs), according to a company statement released Monday.
The planned investment products will feature a mix of digital assets and traditional securities, including those from the energy sector. Crypto.com is set to provide backend infrastructure, including custody and liquidity solutions.
The new ETPs are expected to launch in 2025, subject to regulatory approvals.
This move aligns with previous crypto-related ventures linked to Trump and his associates, such as NFT collections, memecoins, and the decentralized finance (DeFi) platform World Liberty Financial (WLFI).
Following the announcement, DJT shares surged over 9% in after-hours trading.
