Trump Media and Technology Group Corp. has applied to the trademark brand for six investment products that track Bitcoin and the US manufacturing and energy sector. These themes are priorities for US President Donald Trump. The company has not yet filed with the US Securities and Exchange Commission (SEC), a US market regulator, for all six products.
The money-losing social media company is about to debut “Truth.fi Made in America ETF”, “Truth.fi US Energy Independence ETF” and “Truth.fi Bitcoin Plus ETF”. It uses the same theme from the recently announced Truth.fi Financial Platform, subject to regulatory approval.
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Trump Media applies to Bitcoin ETFs
Reports say Trump Media and Technology Group is considering working with financial services company Charles Schwab to launch three independently managed accounts (SMAs) focusing on these assets.
The Trump-majority-owned company has also signed an agreement to oversee the small New Jersey-based Yorkville advisor through the approval process and formally formalize the previous announcement of Yorkville’s involvement.
SMA is an investment portfolio managed by a professional asset manager for individual investors or institutions. The products are tied to themes Trump has committed to promoting, including imposing tariffs on his trading partners, encouraging manufacturing, expanding oil and gas drilling on federal lands, and defending the crypto industry. .
“We aim to provide investors with a way to invest in American energy, manufacturing and other companies,” said Devin Nunes, CEO of Trump Media.
Last week, news outlet Reuters reported that Trump Media had approved the launch of the board of directors for financial services and fintech brand Truth.fi. The new product is part of the strategy and includes investments of up to $250 million.
Trump Media’s financial pivot, the parent company of Trump’s true social platform, is part of a broader response to the value of censorship and “wake” across corporate America, and is increasingly focused on finance. It’s a discussion.
In recent years, investment products focusing on environmental and social values have permeated the financial industry. Republican-led states have beaten those efforts and sued companies that sold them, including BlackRock Inc. and State Street Corp.
According to the Bloomberg Billionaire Index, Donald Trump owns $3.5 billion worth of Trump Media stock, making up a large portion of his net worth. The shares are held in a trust overseen by his son, Donald Trump Jr.
There are inputs from Bloomberg and Reuters
