Trump Media Files Trademarks for Bitcoin ETFs and Investment Products
The post Trump Media Files Trademarks for Bitcoin ETFs and Investment Products appeared on BitcoinEthereumNews.com.
According to the company’s press release, some of the filed trademarks include Truth.Fi Bitcoin Plus ETF, Truth.Fi Bitcoin Plus SMA, and Truth.Fi Made in America ETF. Meanwhile, World Liberty Financial, a DeFi platform that is also backed by the Trump family, is planning a strategic crypto reserve. On the broader crypto front, Gemini, the exchange founded by the Winklevoss twins, is considering an IPO, reviving its plans from back in 2021. Trump Media and Technology Group (TMTG), the parent company of Donald Trump’s Truth Social, announced on Feb. 6, 2025, that it applied for multiple trademarks related to financial products, including exchange-traded funds (ETFs) and separately managed accounts (SMAs). According to the company’s press release, the trademarks include Truth.Fi Bitcoin Plus ETF, Truth.Fi Bitcoin Plus SMA, and Truth.Fi Made in America ETF, among others. These filings are part of TMTG’s new financial technology strategy, Truth.Fi, which was approved by the company’s board late last month. TMTG CEO Devin Nunes stated that the goal of these investment products is to provide investors with an alternative to traditional funds while still aligning with “America First” principles. He stated that the company wants to offer investment opportunities focused on American energy, manufacturing, and businesses that stand in contrast to what he described as “woke funds and debanking problems” in the market. Nunes also revealed that the company is exploring various strategies related to bitcoin as part of its product differentiation strategy. The company allocated $250 million, that is custodied by Charles Schwab, to support this expansion, and Truth.Fi is set to launch later this year. According to Nunes, this new venture is a natural extension of the Truth Social movement that is tied to TMTG’s broader vision of integrating financial services into its ecosystem. TMTG has been making it a priority to expand…
Filed under: News - @ February 7, 2025 2:20 pm