Trump Media Files for Bitcoin Plus ETF and Made in America ETF, Will it Include XRP and Solana?
The post Trump Media Files for Bitcoin Plus ETF and Made in America ETF, Will it Include XRP and Solana? appeared on BitcoinEthereumNews.com.
Donald Trump’s media empire is making a play for the investment world, linking the MAGA movement’s key promises—Bitcoin adoption, U.S. energy independence, and a manufacturing revival—to a suite of exchange-traded funds (ETFs) and separately managed accounts (SMAs). Trump Media and Technology Group (TMTG), the parent company of Truth Social, has officially filed trademark applications for a series of financial products under the “Truth.Fi” brand. These offerings include: Truth.Fi Made in America ETF & SMA Truth.Fi U.S. Energy Independence ETF & SMA Truth.Fi Bitcoin Plus ETF & SMA According to the Feb. 6 announcement, TMTG’s move is part of a broader effort to provide investors with alternatives to what it describes as “woke funds” and financial institutions that engage in “debanking.” Devin Nunes, TMTG’s chairman and former Republican congressman, emphasized that the initiative is focused on backing American industry and competitive financial products. The Made in America ETF could be the much-discussed and highly anticipated investment vehicle for American-based crypto companies. These American-made digital assets would include Ripple’s XRP and Solana, and the stablecoin USDC. It could be seen as a strategic reserve for digital assets based in America, simply in an ETF form. “We’re offering investments in American energy, manufacturing, and other firms that provide a viable alternative to the ESG-driven funds dominating Wall Street,” Nunes said. “This also includes exploring strategies related to Bitcoin.” Trump’s Truth.Fi ETFs Source : X A $250M Bet on the Future of MAGA Finance The proposed Truth.Fi funds will launch with an initial investment of up to $250 million, held in custody by Charles Schwab. New Jersey-based Yorkville Advisors is set to serve as the registered investment adviser. This financial pivot marks a major expansion for TMTG, which went public in March 2024 after being founded in 2021. The company’s stock currently trades…
Filed under: News - @ February 7, 2025 8:23 am