Trump Media (NASDAQ: DJT) stock jumped more than 10% in morning trading on Wednesday on news it was expanding into financial services, launching Truth.Fi, which will include Bitcoin and other cryptocurrencies, exchange-traded funds (ETFs), and separately managed accounts, among other traditional investment vehicles.

Brokerage firm Charles Schwab will manage the funds, which are launching with an initial investment of up to $250 million. Charles Schwab told Fast Company as a matter of policy, it “[does] not comment on any current or former client activities.”

Trump Media and Technology Group Corp. (TMTG) is the........

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