Trump Media shares jump on announcement of ETF deal with Crypto.com

Shares of Trump Media jumped about 9% in extended trading on Monday after the parent of the president's social media company announced an agreement with Crypto.com to launch a series of exchange-traded funds and related products. The company, which runs the Truth Social platform, has been hammered by investors so far this year despite President Donald Trump's return to the White House. Prior to the after-hours gain, the stock was down 38% in 2025. In the press release on Monday, Trump Media said the ETFs and exchange-traded products will have a "Made in America" focus and will launch later this year, subject to regulatory approval. It's President Trump's latest foray into crypto, after his family introduced several Trump-branded non-fungible tokens and memecoins and announced plans to start a crypto bank of sorts. The announcement also further blurs the line between the president's business ventures and his policy agenda. Trump is the majority owner of Trump Media, which has a mark ... Read full article.