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inkeinspires.com > Breaking News > Trump Media shares jump on announcement of ETF deal with Crypto.com
Breaking News

Trump Media shares jump on announcement of ETF deal with Crypto.com

MTHANNACH
Last updated: March 25, 2025 1:27 pm
MTHANNACH Published March 25, 2025
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Thomas Fuller | Sopa images | Lightrocket | Getty images

Actions of Trump media jumped approximately 9% in prolonged exchanges on Monday after the parent of the president’s social media society announcement An agreement with Crypto.com to launch a series of funds negotiated on the stock market and related products.

The company, which manages the Truth social platform, has been hammered by investors so far this year despite the return of President Donald Trump to the White House. Before gaining after opening hours, the action dropped by 38% in 2025.

In the press release on Monday, Trump Media said that ETFs and traded products on the stock market would have a “made in America” ​​orientation and will be launched later this year, subject to regulatory approval. This is President Trump’s last foray into the crypto, after his family introduced several non -butcoins of Trump brand and the intention to create a cryptographic bank in a way.

The announcement also blurs the border between the president’s commercial companies and its political program.

Trump is the majority owner of Trump Media, who has a market capitalization of around $ 4.6 billion. It is a tiny and burning business of money. Last month, Trump Media said he had lost $ 400 million in 2024, while earning $ 3.6 million in income.

A large part of the work in the marketing of new ETFs on Crypto.com and its American affiliate, Foris Capital, a familiar arrangement for Trump, which has long allowed other companies to develop products with its name and brand.

The CEO of Crypto.com, Kris Marszalek, in the press release, praised access to a “brand with faithful follow -up”.

The funds will be marketed within the framework of the newly launched Fintech brand of TMTG, TRUTH.FI. According to the press release, the crypto exchange “will support Backend technology, will provide guard and provide cryptocurrencies for ETFs”, which are ready to include a unique basket of digital assets like bitcoin and Cronos (native token of crypto.com), alongside traditional titles covering industries such as energy.

If the ETF launches, they will be available internationally, including in Europe and Asia, on the main brokerage platforms and via the Crypto.com application, which has 140 million users worldwide.

WATCH: Trump’s World Liberty Financial Projects said that they had sold $ 550 million in tokens

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