Trump Media & Technology Group Corp (NASDAQ:DJT), the social media company associated with former U.S. President Donald Trump, has announced a partnership with cryptocurrency trading platform Crypto.com to launch exchange-traded funds (ETFs). The news saw shares of Trump Media increase, rising nearly 8% to around $23 on Tuesday morning.
Trump Media stated that these ETFs will focus on “Made in America” themes. This encompasses various sectors such as energy, manufacturing, and technology. The funds are also expected to include a crypto-heavy element, featuring Bitcoin, Crypto.com’s native Cronos token, and other digital currencies. The launch is planned for later in 2025, contingent upon regulatory approval from the U.S. Securities and Exchange Commission (SEC). Once approved, the ETFs will be available globally, including in the U.S., Europe, and Asia.
“We’re excited to join Crypto.com, along with our partner Yorkville America, to launch America First investment products supporting innovative crypto ventures, great American companies, and cutting-edge technologies,” said Trump Media CEO Devin Nunes in a statement. “We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the US economy, unencumbered by woke nonsense and political posturing.”
