What to know:
- In a move that can only be described as “vintage Trump,” Trump Media is teaming up with Crypto.com to unleash a veritable cornucopia of ETPs and ETFs.
- These investment vehicles, which are as real as the last time you heard a politician tell the truth, will be propped up by the technological wizardry and custodial prowess of Crypto.com, launching in the illustrious year of 2025.
- Ah, yes! This partnership is merely the latest in a long line of crypto escapades endorsed by Trump and his ever-enthusiastic family, who seem to have taken a liking to digital currencies like a cat to a sunbeam.
In a statement that surely sent shockwaves through the financial world, U.S. President Donald Trump’s media company, Trump Media (DJT), announced its intention to join forces with the crypto exchange Crypto.com to roll out a series of exchange-traded products (ETPs) and funds (ETFs) on a fine Monday morning.
The ETPs, which will feature a delightful mix of crypto assets and securities from other sectors—because why not throw in a little energy industry for good measure?—are set to be the talk of the town, or at least the talk of the Twitterverse.
According to the press release, these investment vehicles are expected to make their grand debut in 2025, just in time for the next round of political theatrics.
Trump Media, the brains behind Truth Social (the social media platform that has become a digital playground for the former President), is clearly not one to shy away from a good publicity stunt.
This latest venture is just one of many crypto initiatives that have been cheerfully endorsed by the President and his family. From NFT collections that would make even the most seasoned art critic raise an eyebrow to memecoins that are as fleeting as a summer romance, they have truly embraced the world of digital finance. Let’s not forget their DeFi protocol, World Liberty Financial (WLFI), which sounds like something out of a dystopian novel.
In a delightful twist of fate, the DJT stock has surged more than 9% after-hours since the announcement, proving once again that in the world of finance, absurdity often reigns supreme. 🎉
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2025-03-25 01:10