Crypto.com in Talks with Trump Media for Potential ETP Collaboration
Trump Media Plans Crypto.com Partnership to Roll Out ETPs and ETFs
DJT stock jumps 9% in extended trading.
Trump Media (DJT), the media company behind Truth Social, is in talks with cryptocurrency exchange Crypto.com to introduce a lineup of exchange-traded products (ETPs) and funds (ETFs), the company revealed on Monday.
The planned investment vehicles will feature a mix of crypto assets alongside securities from industries like energy. Crypto.com is expected to provide key infrastructure, including custody solutions, trading technology, and crypto liquidity support.
According to the announcement, the ETPs and ETFs are set to launch in 2025.
This initiative marks yet another crypto-related move from Trump and his circle, who have previously launched NFT collections, memecoins, and even a DeFi project, World Liberty Financial (WLFI).
Following the news, DJT shares spiked more than 9% in after-hours trading.
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