Shares of Trump Media & Technology (DJT) surged 5.03% in pre-market trading on Wednesday, following the company's announcement of ambitious plans to diversify into financial services, including cryptocurrency and exchange-traded funds (ETFs).

The social media firm, which operates the Truth Social platform, revealed on Tuesday that it had reached a binding agreement to roll out an array of retail investment products. This strategic move includes plans for a series of ETFs aligned with former President Donald Trump's "America First" policies, signaling a significant expansion beyond its current social media focus.

According to the company's statement, Trump Media has formed partnerships with Crypto.com and Yorkville America Digital to facilitate this expansion. The planned funds are expected to launch later this year, subject to regulatory approval, and will be widely available both in the U.S. and internationally. However, it's worth noting that as of now, no ETF filings have been submitted to the Securities and Exchange Commission website.

This pivot towards crypto and ETFs represents a bold step for Trump Media & Technology, potentially opening up new revenue streams and attracting a broader investor base. The pre-market stock surge suggests that investors are reacting positively to this strategic shift, seeing it as a promising avenue for growth in the rapidly evolving digital asset space.