DJT Stock Jumps on Crypto.com News. Shares Have Been in a Deep Hole. — Barrons.com

By Callum KeownTrump Media & Technology Group stock surged Tuesday after the Truth Social parent announced it will partner with Crypto.com to launch a series of exchange-traded funds.The stock, which trades under the ticker DJT, jumped 6.5% in Tuesday trading. Shares are still down more than 30% in 2025 after spiking late last year in the run-up to President Donald Trump's election victory.DJT had been seen largely seen as a proxy for the chances of Trump returning to the White House and it has struggled since his victory was confirmed.But Trump Media's nonbinding agreement with cryptocurrency exchange Crypto.com could finally give the shares some fresh impetus. The ETFs will be made up of digital assets and securities with a "Made in America focus," the company said. Crypto.com will provide the back-end technology and supply the cryptocurrencies for the ETFs, it added.The "Made in America" focus is all well and good but to achieve that Trump Media is partnering with Singapore-based Crypto.com. The company also filed a lawsuit against the U.S. Securities and Exchange Commission in October last year alleging it was overstepping its authority after the regulator sent Crypto.com a Wells notice.Bitcoin, Cronos, and other crypto assets will also be included in a "unique ETF basket" of cryptocurrencies, Trump Media added.The announcement didn't do much for Bitcoin prices, which were trading at $86,500 early Tuesday, down 0.5% over the past 24 hours. However, the price of Cronos, the token run by Crypto.com, soared more than 30% to $0.1072.Write to Callum Keown at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.