Shares of Trump Media & Technology (ticker: DJT) surged on Tuesday, spiking as much as 14.1% to hit a high of $23.97 after the company announced a new partnership with Crypto.com to launch a series of exchange-traded funds (ETFs). The partnership focuses on creating ETFs that feature digital assets and securities, with an emphasis on a "Made in America" approach. Crypto.com will provide the back-end technology and supply the cryptocurrencies for the ETFs, including Bitcoin, Cronos, and other crypto assets.
This jump comes as a much-needed boost for DJT, which had seen its shares slump nearly 40% in 2025, following a surge late last year driven by speculation around President Donald Trump’s return to the White House. DJT had mostly been viewed as a proxy for Trump's political fortunes, and its performance has suffered since his electoral victory was confirmed.
While Bitcoin (BTC) prices remained relatively unchanged, Cronos, the token associated with Crypto.com, soared more than 30% to $0.1072.
In related news, Phunware (PHUN), a mobile advertising technology firm that worked with Trump’s 2020 campaign, also saw a boost, climbing 15.3% to a high of $3.5397—likely benefiting from DJT's rally.
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