Trump Media and Technology Group Corp. Shocks the Market with New 'Blue Chip' ETF

Trump Media and Technology Group Corp. files with SEC to launch a new ‘blue chip’ ETF called “Truth Social Crypto Blue Chip.” The ETF will allocate assets to Bitcoin, Ethereum, Solana, CRO, and XRP. President Donald Trump’s company aims to provide exposure to crypto assets through this new financial product. The ETF will be listed on the New York Stock Exchange once launched. Crypto.com will act as the fund’s exclusive digital asset custodian, prime execution agent, and staking and liquidity provider. The DJT stock reacted positively, increasing more than 3% to trade at $19.33. Bitcoin, Ethereum, Solana, and XRP were trading flat, while CRO surged over 15% following the announcement.

Read more at Yahoo Finance: Trump’s company files with SEC to launch shocking new ‘blue chip’ ETF