What's Going On With Trump Media & Technology Group Stock Tuesday?

What Happened: Trump Media, the parent company of social media platform Truth Social, signed a non-binding agreement to partner with Crypto.com for a Truth.Fi ETF launch, expected to comprise digital assets and securities with a “Made in America focus.”

Crypto.com will support the backend technology, provide custody and supply the cryptocurrencies for the ETFs, expected to include Bitcoin (CRYPTO: BTC), Cronos and other crypto assets.

The funds are expected to launch later this year and be widely available in the U.S., Europe and Asia.

“We’re excited to join Crypto.com, along with our partner Yorkville America, to launch America First investment products supporting innovative crypto ventures, great American companies, and cutting-edge technologies,” said Devin Nunes, chairman and CEO of Trump Media.

“We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy, unencumbered by woke nonsense and political posturing.”

DJT Price Action: Trump Media shares were up 7.4% at $22.57 at the time of publication Tuesday, according to Benzinga Pro.

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