Trump Media Plans Partnership with Crypto.com to Launch ETFs

Trump Media plans to launch exchange-traded funds with Crypto.com, focusing on American-made products and digital assets such as Bitcoin and Cronos, pending regulatory approval. Following the announcement of this partnership, shares of Trump Media rose by 9%. Crypto.com will provide backend support and custody for the ETFs, which will include both cryptocurrencies and traditional securities. TMTG CEO Devin Nunes expressed enthusiasm about collaborating with Crypto.com to develop investment products that support innovative American companies.