Key takes
Trump Media & Technology Group is launching an ETF focused on American manufacturing, energy independence and Bitcoin. The company works with Yorkville Advisors to ensure product development and regulatory compliance.
Please share this article
Trump Media (TMTG) has announced several exchange industry funds and individually managed accounts under the new Truth.fi brand, including products focused on American manufacturing, energy independence and Bitcoin. We are strengthening our efforts to implement it.
The NASDAQ-listed company that operates the Truth Social and Truth+ streaming platform said it was applied on Thursday to register trademarks for six investment products: Truth.fi Made in America ETF and SMA, Truth .fi US Energy Independence ETF and SMA, and SMA, and SMA Truth.fi Bitcoin Plus ETF and SMA.
The move follows a trademark application last November after Truth Media launched Truth.fi last week. The company has also revealed plans to allocate up to $250 million in cash reserves to financial services, including Bitcoin, customized ETFs and other crypto-related assets.
The company also partners with Charles Schwab, a leading publicly traded US broker that manages assets of more than $10 trillion.
Trump’s media CEO and White House officials say Devin Nunes is to provide an alternative to “wake funds” and address the “disappearing problems” common in the market I did.
“We are looking for different ways to distinguish products, including strategies related to Bitcoin,” says Nunes.
Trump Media has pending regulatory approval and signed a service and license agreement with Yorkville Advisor Affiliate and is serving as registered investment advisor for the new investment vehicle. Yorkville will lead product development and regulatory compliance efforts.
“Yorkeville is pleased to take this next important step with TMTG in developing America’s first investment vehicle,” said Yorkville President Marc Angelo. “We appreciate TMTG’s position as a strategic financial partner and are proud to be able to join TMTG in The Truth.fi movement.”
Initiatives for Dabaking Practice
Truth.fi aims to create new brands of financial products focused on American growth, manufacturing, energy companies, and investments that will strengthen the “patriot economy.” Nunes said the initiative was a natural social movement aimed at protecting American patriots from cancellations, censorship, escaping, privacy violations allegedly committed by major engineers and “wake-up” companies. It says it is an expansion.
The launch of Truth.fi follows complaints from Republicans about banks that are unfairly treating conservatives. The issue became evident when President Trump directly challenged JP Morgan Chase on January 21 through a video at the World Economic Forum.
The House Oversight Committee, led by Speaker James Commer, is investigating claims that financial institutions are “breaking away” conservatives because of political views.
Yesterday, the Senate Banking Committee held a hearing that banks and regulators argue. I’m denying Services to a particular industry or political group.
It is also reportedly common practice within the crypto industry under “Operation Chalk Point 2.0.”
The Senate subcommittee is set to hold a hearing to investigate allegations that federal regulators pressured banks to cut off financial services for crypto companies today. Coinbase Clo Paul Grewal and Mara CEO Fred Thiel testify at the hearing.
Please share this article
