Thursday, February 13, 2025
HomeTrading RoomAs Trump Media Announces its Entry into Financial Services, Including Cryptocurrency and...

As Trump Media Announces its Entry into Financial Services, Including Cryptocurrency and Exchange-Traded Funds (ETFs), its Shares Soar

Wednesday saw the announcement by Trump Media and Technology Group that it is entering the financial services industry, which includes investment vehicles.

The parent company of Truth Social, whose shares are traded under the ticker DJT, saw a more than 15% increase in premarket trading.

The financial services business will be called Truth.Fi and will be established with a maximum of $250 million from the company that would be under the custody of Charles Schwab.

The assets will be distributed across several investment vehicles, including cryptocurrencies and customised exchange-traded funds.

The business stated that later this year, it plans to introduce goods and services, including its own investment vehicles.

Source (CNBC)

SourceCNBC
- Advertisment -

Most Popular

Recent Comments