Trump Media surges after expansion into financial services including crypto and ETFs
Published On Jan 29, 2025, 8:38 AM
Trump Media has announced its expansion into financial services with a new division called Truth.Fi, which will offer investment products including cryptocurrencies and customized ETFs. This move is positioned as a way to support American businesses and counter perceived biases against conservatives in traditional banking. The announcement led to a 6.5% surge in the company's shares (DJT) in morning trading, with plans to launch these financial products later in the year.
Stock Forecasts
DJT
Positive
The expansion into the financial services sector, particularly focusing on cryptocurrencies and ETFs, taps into the growing interest in alternative investments among conservative investors. This could attract a new customer base looking for options that align with their values, potentially driving further growth in stock price.
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