What You Need to Know:

• Trump Media is collaborating with Crypto.com to introduce new exchange-traded products (ETPs) and exchange-traded funds (ETFs).
• These investment products will leverage crypto assets as well as securities from non-crypto industries such as energy.
• Crypto.com will supply backend technology, custody solutions, and cryptocurrency resources.

U.S. President Donald Trump’s media enterprise, Trump Media (DJT), announced its intention to team up with the crypto platform Crypto.com to create a variety of ETPs and ETFs. The financial vehicles are set to roll out in 2025, and they will feature both cryptocurrency assets and securities from other sectors like energy, as confirmed in a press release.

The DJT stock saw an increase of over 9% after the announcement, highlighting investor enthusiasm for this latest financial initiative backed by Trump and his family, which has previously engaged in various crypto projects, including NFT collections and other digital assets.