Trump Media Wants to Partner with Crypto.Com for ETF Issuance

U.S. President Donald Trump’s media firm, Trump Media (DJT), is wanting to associate with crypto trade Crypto.com to launch a collection of exchange-traded merchandise (ETPs) and funds (ETFs), the corporate stated Monday.

The ETPs will embrace crypto belongings and securities from different sectors such because the power business, the announcement stated. Crypto.com will present the backend know-how, custody options, and crypto provide.

The funding autos are anticipated to launch in 2025, the press launch stated.

Trump Media is the corporate behind Truth Social, the social media platform regularly utilized by Trump.

This is just the most recent of crypto initiatives backed by the President or his household. Trump and his entourage have issued a number of NFT collections and memecoins, not to point out their DeFi protocol, World Liberty Financial (WLFI).

The DJT inventory is up greater than 9% after-hours for the reason that announcement.