Shares of Trump Media & Technology Group (DJT) surged almost 9% in pre-market trading today. This boost comes on the heels of the company’s announcement of a strategic partnership with Crypto.com to introduce exchange-traded funds (ETFs) under its Truth.Fi brand.
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The new collaboration aims to launch ETFs that mix digital assets with old-school U.S. grit—focusing on sectors like energy and wrapped in a “Made in America” banner. Crypto.com will power the backend and handle custody. Devin Nunes, CEO of Trump Media, said the goal is to build products that reflect investor values while backing homegrown companies.
Stock Rebounds after Rough Start to 2024
Before this announcement, DJT shares had taken a beating—down 60.6% over the past year. The slump followed financial woes, including a $400 million loss in 2024 against just $3.6 million in revenue. But this latest move seems to have lit a fire under investor sentiment, at least for now.
Of course, the ETFs won’t hit markets overnight. The launch hinges on regulatory approval, with plans to go live later this year. Until then, all eyes will be on how this flashy partnership shapes DJT’s trajectory—and whether it turns hype into staying power in the fintech world.
Is DJT Stock a Buy, Sell, or Hold?
While none of the Wall Street analysts are covering DJT stock, over the past three months, DJT has slid by more than 35%. Using TipRanks’ Technical Analysis tool, the indicators seem to point to a negative outlook for DJT stock. Indeed, the overall consensus pictured below shows that five indicators are Bullish, compared to six Neutral and 11 Bearish indicators.
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