Trump Media (DJT) Stock Soars 13% After Crypto.com ETF Partnership
The Trump Media DJT stock surged more than $2 to $23 in afterhours trading after a deal with Crypto.com to offer ETFs.
DJT Stock Surges as Market Sentiment Improves
Trump Media & Technology Group (DJT) shares climbed over 3% in yesterday’s US trading session, benefiting from improving market sentiment. Over the weekend, reports suggested that the upcoming April 2 tariffs might not be as severe as initially feared. President Trump confirmed yesterday that the measures would be more targeted, easing concerns among investors.
However, the real surge came after the market closed, as DJT shares spiked over 10% following the announcement of a partnership between Trump Media and Crypto.com. The stock is set to open today with a $2 bullish gap, trading around $23.
Trump Media Partners with Crypto.com for ETFs
Trump Media & Technology Group, the parent company of Truth Social and majority-owned by Donald Trump, has entered a non-binding agreement with Crypto.com to develop a range of exchange-traded funds (ETFs) and financial products. The initiative aims to provide investment opportunities in both digital assets and traditional securities, with a focus on American-made financial products.
Under the partnership, Crypto.com will handle the technical infrastructure, custodial services, and cryptocurrency operations, while its affiliated broker-dealer will oversee ETF distribution. One of the expected offerings includes a cryptocurrency ETF featuring assets like Bitcoin and Cronos. Pending regulatory approval, the launch is expected later this year.
A Politically-Driven Investment Initiative?
Devin Nunes, CEO of Trump Media, emphasized that the project is designed to promote economic growth, technology, and innovation within the US financial sector. He also noted that the ETFs will be free from “woke nonsense and political posturing.” Once released, these ETFs will be available for international investors through the Crypto.com platform.
This strategic partnership not only strengthens Trump Media’s presence in the financial sector but also highlights the growing intersection between politics, technology, and cryptocurrency investments.
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