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Trump Media's Stock Surge Following Crypto Partnership
2025-03-25 23:55:11
Markets

Trump Media's Stock Surge Following Crypto Partnership

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Trump Media's stock experienced a significant rise after announcing a partnership with Crypto.com to launch exchange-traded funds (ETFs) focused on digital assets. Shares jumped nearly 10%, reflecting investor optimism about the initiative's potential.

The ETFs, marketed under the Truth.Fi brand, aim to support American businesses by incorporating cryptocurrencies and securities. This collaboration positions Trump Media to leverage the growing crypto market, with Crypto.com providing essential technological and custodial support.

Despite the stock's recent uptick, it remains lower year-to-date, highlighting ongoing volatility. Trump's ventures in the crypto space have drawn both interest and scrutiny, particularly regarding potential conflicts of interest.

As the crypto landscape evolves, this partnership could reshape the investment opportunities available to consumers, aligning with Trump’s broader deregulatory approach to the industry. The initiative seeks to foster innovation while emphasizing a commitment to American values and economic growth.

The press radar on this topic:

The Street
27. März 2025 um 13:06

President Donald Trump's TMTG the latest company to launch crypto ETFs

On March 24, Trump Media & Technology Group (TMTG), led by President Donald Trump, announced a partnership with Crypto.com to launch cryptocurrency exchange-traded funds (ETFs) later this year, focusing on Bitcoin and Cronos. The ETFs will be available through Crypto.com's broker-dealer in multiple regions. TMTG CEO Devin Nunes expressed enthusiasm for the initiative, while Crypto.com CEO Kris Marszalek noted the added options for consumers. The announcement positively impacted TMTG's stock, w..
Yahoo Finance
25. März 2025 um 14:42

Trump Media Stock Surges on Plan to Work With Crypto.com to Offer ETFs

Trump Media & Technology Group is partnering with Crypto.com to offer exchange-traded funds (ETFs) with a 'Made in America' focus, including cryptocurrencies and securities. The ETFs are set to launch through Truth.Fi later this year. Shares of Trump Media surged 9% after the announcement, despite having lost a third of their value this year. The plan aims to create unique funds incorporating rapid growth, technological innovation, and strengthening the US economy.
New York Times - Technology
25. März 2025 um 18:18

Trump’s Crypto Venture Introduces New Digital Currency

World Liberty Financial, a cryptocurrency company founded by Donald Trump and his sons, announced plans to launch a stablecoin named USD1, aimed at maintaining a constant value of $1. This initiative follows the sale of $550 million worth of another cryptocurrency, WLFI, earlier this month. Trump has actively engaged in the crypto market while his administration relaxes industry regulations, raising concerns about potential conflicts of interest. Congress is currently considering legislation to..
Yahoo Finance
25. März 2025 um 16:13

Trump Media is up 9% after a deal to launch new products

Shares of Trump Media rose 9.4% after the company announced a partnership with Crypto.com to launch exchange-traded funds (ETFs) focused on digital assets and US industries. The ETFs, pending regulatory approval, will be marketed under the Truth.Fi brand and are designed to support American businesses. Crypto.com will provide technological and custodial support for these products. Trump Media's CEO, Devin Nunes, emphasized that the funds aim to promote growth and innovation while aligning with..
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