Trump Media & Technology Group Expands Crypto Portfolio with Third ETF Filing

Trump Media & Technology Group Corp. (NASDAQ: DJT) has announced its third cryptocurrency ETF filing this year, named the "Truth Social Blue Chip Crypto ETF," which predominantly invests in bitcoin (70%), alongside smaller allocations to ether, Solana, Cronos, and XRP. This strategic move underscores the company's aggressive foray into the digital asset space, complementing its existing portfolio that includes a Trump-branded memecoin, a USD1 stablecoin backed by Treasuries, and a substantial $2.5 billion bitcoin reserve. The filings reflect the company's robust confidence in the cryptocurrency market, yet they have sparked debates over potential ethical dilemmas, given Donald Trump's political stature and financial interests in the venture. Critics argue that such endeavors might blur the boundaries between public policy advocacy and personal financial gain. On the trading front, Trump Media stock (NASDAQ: DJT) experienced a downturn, closing at $32.16, a decrease of $0.94 (―2.84%), with trading volumes reaching 12.3 million shares. For further details, visit https://ibn.fm/3FQzM.