• Trump Media & Technology Group has announced a partnership with Crypto.com to launch a series of exchange-traded funds (ETFs) under its Truth.Fi brand. This initiative aims to include both digital assets and securities with a focus on American-made products across various industries. Following the announcement, shares of Trump Media surged by 10.5% in after-hours trading, although they have seen a significant decline of 38% over the past year. The ETFs are expected to be available internationally, including in the U.S., Europe, and Asia, later this year.

• Crypto.com will provide the necessary backend technology and custody services for the ETFs, which will feature cryptocurrencies like Bitcoin. Trump Media has also authorized an investment of up to $250 million through Charles Schwab to diversify its cash holdings, which were reported to exceed $700 million at the end of the previous year. The company has applied for trademarks for several investment products, including those tracking Bitcoin and sectors like U.S. manufacturing and energy.