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

Shares of Trump Media surged 9% in after-hours trading following an agreement with Crypto.com to launch a series of ETFs and related products for the Truth Social platform, despite a 38% decrease in stock value this year. The “Made in America” focused ETFs, set to launch later this year pending regulatory approval, mark President Trump’s latest venture into crypto, with Crypto.com and Foris Capital handling much of the development. If successful, the ETFs will include a unique mix of digital assets like bitcoin and cronos, and be available internationally through major brokerage platforms and the Crypto.com app.

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