Trump Media & Technology Group Corp. (NASDAQ: DJT) has filed for its third cryptocurrency ETF this year, named the 'Truth Social Blue Chip Crypto ETF', with a primary investment in bitcoin (70%), alongside ether, Solana, Cronos, and XRP. This filing is part of the company's ambitious strategy to expand its footprint in the digital asset space, which also includes the introduction of a Trump-branded memecoin, a USD1 stablecoin backed by Treasuries, and the creation of a $2.5 billion bitcoin reserve. The announcement has ignited discussions on the ethical considerations of such ventures, especially given Donald Trump's political stature and personal stake in the company.
As of July 9, 2025, Trump Media's stock witnessed a minor decline, trading at $32.16, down by $0.94 (2.84%), with trading volumes hitting 12.3 million shares. This move into digital assets mirrors a broader trend among media and technology companies seeking to diversify their portfolios into cryptocurrencies, despite the inherent market volatility and ongoing regulatory challenges facing digital assets. For more information on the announcement, visit https://ibn.fm/3FQzM.
