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Stocks Trump media jumped about 9% in extended trading on Monday after the parents of the Social Media Presidential Company announced Agreement with Crypto.com to start a series of funds and related products.
The company, which runs the social platform of the truth, has so far been knocked by investors this year despite being President Donald Trump Return to the White House. Prior to the profit after the afternoon, the stock fell by 38% at the age of 2025.
In a press release on Monday, Trump Media said that ETFs and products that are traded on the stock market will have a “Made in American” focus, and will be launched later this year, provided that it is regulatoryly approved. This is the latest step of President Trump in cryptocurrencies, after his family introduced several tokens and memecoins with the Trump brand brand and announced plans to start a and KRIPTO Bank type.
The announcement also further clouds the line between the president’s business ventures and his policies.
Trump is the majority owner of Trump’s media, which has a market limit of about $ 4.6 billion. It’s a small job and a wits of money. Trump media last month reported loss of $ 400 million 2024, while taking $ 3.6 million in revenue.
A large part of the job in bringing new ETF on the market Pat will go to Crypto.com and his US branch, Foris Capital, a well -known arrangement for Trump, who has long enabled other companies to develop products with his name and Mark.
Crypto.com executive director Kris Marszalek, in a statement, approached the “brand with a loyal follower”.
Funds will be placed on TMTG Newly opened Fintech brandTrue.fi. According to a press release, Crypto Exchange will “support ancillary technology, provide custody and supply the Crypto Currency for ETF”, which are set up to include a unique digital property basket such as such as Bitcoin and CRONOS (native token Crypto.com), along with traditional industries that include industries like Energy.
If ETFS is starting, it will be available abroad, including Europe and Asia, on the main brokerage platforms and through Crypto.com, which boasts 140 million users globally.
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