US stocks surged | Trump Media and Technology Group (DJT.US) rose more than 3%, the company seeks SEC approval for blue-chip cryptocurrency ETF.

According to the financial news app, Chitou Finance, on Tuesday, the Trump Media and Technology Group (DJT.US) saw a pre-market increase of over 6%, but as of the time of writing, the increase narrowed to less than 4%, reaching $19.34. In terms of news, the Trump Media and Technology Group announced on July 8th that it had submitted a preliminary registration statement on the S-1 form to the U.S. Securities and Exchange Commission (SEC), planning to launch the "Truth Social encrypted currency blue chip ETF". This ETF will directly hold Bitcoin, Ethereum, Solana, Cronos, and Ripple, with asset allocations of 70%, 15%, 8%, 5%, and 2% respectively.