Trump Media & Technology Group (DJT, Financial) climbed 9.4% to $22.98 in late morning trading Tuesday, continuing its run after announcing a preliminary agreement with Crypto.com to launch a series of exchange-traded funds later this year via its fintech unit Truth.Fi.
The ETFs will be designed to track both digital assets and "Made in America" securities across multiple sectors, including energy. Under the arrangement, Crypto.com will supply backend infrastructure, including custody and crypto liquidity, through its U.S. broker-dealer, Foris Capital US LLC.
The funds are expected to roll out across the United States, Europe, and Asia. As part of the initiative, DJT plans to allocate up to $250 million through Charles Schwab (SCHW, Financial). Trump Media CEO Devin Nunes said the ETFs will prioritize American growth and innovation while avoiding “woke nonsense and political posturing.”
It's important to note that DJT stock surged 11.53% over the past week, signaling strong short-term momentum. However, the stock declined 10.88% over the past month, indicating recent volatility. Despite an impressive 79.28% rise over the last six months, it remains significantly down 32.76% year-to-date.
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