Trump Media shares rose 9% after announcing a deal with Crypto.com to launch U.S.-focused ETFs
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00:00Trump Media shares rose 9% after announcing a deal with Crypto.com to launch U.S.-focused
00:06ETFs and related products later this year, pending regulatory approval.
00:11Despite the rise, the company's stock is down 35% year-to-date and reported a $400 million
00:16loss in 2024.
00:18Trump Media, which operates Truth Social, is majority-owned by Trump and valued at $4.6
00:24billion.
00:25The partnership reflects Trump's ongoing involvement in crypto following previous ventures with
00:30NFTs and meme coins.