Truth Social, the social media platform owned by Trump Media & Technology Group (DJT), is taking steps into the world of digital finance. In a recent letter to shareholders, the company shared its interest in launching its own cryptocurrency and entering the ETF space, combining traditional stocks with crypto assets.
A Utility Token for Truth+ Subscriptions
As part of a future rewards program, Truth Social revealed plans to introduce a utility token. This digital token would be connected to a Truth digital wallet, allowing users to pay for Truth+ subscription services. Over time, the token could also be used across other products and services within the Truth Social ecosystem.
“We’re exploring the introduction of a utility token with a Truth digital wallet,” the company said, highlighting its vision for a broader digital economy tied to the platform.
ETFs That Blend Crypto and Stocks
In addition to the token plans, the company also confirmed it is exploring exchange-traded funds (ETFs) that will combine equities and cryptocurrencies. This move would mark another step toward merging traditional finance with digital assets—a space gaining momentum in the investment world.
Although this announcement didn't have a major impact on the stock, DJT saw a minor dip of 0.52% in after-hours trading.
Still, it shows how traditional companies are increasingly exploring crypto, a trend that could impact Bitcoin’s price in the long run.
Currently Bitcoin Price trading at $94,944.96 as per Coinpedia Market data.
For a more detailed Bitcoin price prediction 2030, check out our full analysis!
Trump’s Ongoing Crypto Ambitions
This isn’t the first time President Trump’s team has dabbled in digital assets. Over the past few years, they’ve launched a variety of crypto products—including memecoins, NFT collections, and even a DeFi protocol. The latest news from Truth Social suggests the company is committed to continuing that trend.
As Truth Social moves further into crypto and digital finance, all eyes will be on how these plans take shape. Will the token gain traction with users? Will crypto ETFs backed by the Trump brand find investor interest?
Also Read
Ripple News: SEC’s Paul Atkins Could Still Object ProShares’ XRP ETF Filing
SEC Puts XRP ETF Decision on Hold, Ripple Settlement Could Decide What’s Next
$150B BlackRock Fund Adds Digital Share Class Using Blockchain Tech
Any Feedback?
Get in touch with us here