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Shares of Trump Media leapt about 9% in prolonged trading on Monday after the moms and dad of the president’s social networks business revealed a contract with Crypto.com to release a series of exchange-traded funds and associated items.
The business, which runs the Fact Social platform, has actually been hammered by financiers up until now this year regardless of President Donald Trump’s go back to the White Home. Prior to the after-hours gain, the stock was down 38% in 2025.
In journalism release on Monday, Trump Media stated the ETFs and exchange-traded items will have a “Made in America” focus and will release later on this year, based on regulative approval. It’s President Trump’s most current venture into crypto, after his household presented a number of Trump-branded non-fungible tokens and memecoins and revealed strategies to begin a crypto bank of sorts.
The statement likewise even more blurs the line in between the president’s service endeavors and his policy program.
Trump is the bulk owner of Trump Media, which has a market cap of about $4.6 billion. It’s a small and money-burning service. Trump Media last month reported losing $400 million in 2024, while taking in $3.6 million in earnings.
Much of the operate in bringing the brand-new ETFs to market will be up to Crypto.com and its U.S. affiliate, Foris Capital, a familiar plan for Trump, who has actually long permitted other business to establish items with his name and brand name.
Crypto.com CEO Kris Marszalek, in the declaration, promoted access to a “brand name with a faithful following.”
The funds will be marketed under TMTG’s newly-launched fintech brand name, Truth.Fi. According to journalism release, the crypto exchange will “support the backend innovation, offer custody, and provide the cryptocurrencies for the ETFs,” which are set to consist of a special basket of digital properties like bitcoin and cronos (Crypto.com’s native token), together with standard securities covering markets such as energy.
If the ETFs launch, they’ll be readily available globally, consisting of in Europe and Asia, on significant brokerage platforms and through the Crypto.com app, which boasts 140 million users internationally.
VIEW: Trump’s World Liberty Financial tasks states it offered $550 million in tokens