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Trump Media & Technology Group is associated with Crypto.com to provide negotiated funds in exchange for investors.
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The FNBs should be made up of cryptocurrencies and titles with a “made in America” orientation.
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The plan should be launched later this year.
Shares of Trump Media & Technology Group (Djt) increased by 9% on Tuesday, one day after President Donald Trump’s social media company has teamed up with the crypto.com crypto..com trading platform to offer Stock market negotiated funds (ETF).
The operator of the social site Truth, of the Truth + streaming platform and TRUTH.
The agreement provides that ETFs are made available via the Crypto.com broker to the US LLC capital, and “should include digital assets as well as titles with an orientation in America covering various industries such as energy”. Trump Media said the offers should include “a unique unique cryptocurrency basket incorporating bitcoin, cronos and other cryptographic active ingredients”.
Trump Media CEO, Devin Nunes, explained that the objective is “to create inventive funds incorporating companies that focus on rapid growth, technological innovation and the strengthening of the American economy”.
Even with today’s earnings, Trump Media & Technology Group shares have lost a third of their value this year.
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