Trump Media and Technology Group has announced plans to launch several ETFs in 2025, including the Truth.fi Bitcoin Plus ETF. The company aims to work with Charles Schwab to expand its financial products through individually managed accounts, targeting investors in line with America’s first principles. Rep. Al Green criticized Trump’s crypto venture during a House committee hearing, dismissing allegations of breaking out of the crypto industry as regulators and industry leaders clashed with bank access.
The US president, who announced Memecoin a few days before his inauguration, could be the pinnacle of boldness, or at least become a questionable move. But if you don’t think you can put this on top, consider this: Donald Trump’s company is currently filing a Bitcoin Exchange Trade Fund (ETF).
According to a press release, Trump Media and Technology Group (TMTG) has applied for several ETFs that track Bitcoin as well as US manufacturing and energy.
The Bitcoin ETF gets a slightly frizzy name, “Truth.fi Bitcoin Plus ETF”, but it’s unclear what the plus will be (perhaps a 5% allocation to Trump, which is very much like Trump That’s a movement).
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The funds are scheduled to be made public in the second half of 2025, but have not yet been formally filed with the Securities and Exchange Commission (SEC).
TMTG plans to launch more financial products
TMTG CEO and Chairman Devin Nunes said the offering is aimed at people who want to be exposed to “American energy, manufacturing and other companies,” saying, “distinguishing products that include related strategies.” “We are exploring different ways to do this.” To Bitcoin.”
We continue to fine-tune our intended product suite to develop the optimal combination of offerings for US-believing investors.
Devin Nunes, TMTG CEO and Chairman Other funds are called “Truth.fi Made in America etf” and “Truth.fi Energy Independence etf.”
They also plan to launch more products a year. Also, so-called SMAs (separately managed accounts) focus on the same assets, but managed by financial services company Charles Schwab.
These SMAs are usually provided to individual or institutional investors and are managed by professional asset managers.
Not everyone agrees to Trump Crypto Venture
During a hearing of the House Financial Services Committee’s Oversight and Investigation Subcommittee on February 6, Texas representative Al Green criticized Trump for his involvement in Crypto.
He said lawmakers should pay more attention to the president’s Memecoin adventures, rather than focusing on “fake” claims.
Green challenged the idea that the Biden administration was anti-cryptography, claiming that the so-called Operation Chalk Point 2.0 was a “fake program” that “never started.”
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Some crypto executives claim they were blocked from the US banking system.
Regulators that require banks to consider risks related to the cryptocurrency industry will not leave.
Representative of Al Green, Texas Others had different experiences. Coinbase Chief Legal Officer Paul Grewal calls government efforts “regulation due to fatigue.” According to Grewal, the Federal Deposit Insurance Corporation (FDIC) deceived the public when it alleged that the crypto industry had accessed banking services and sent letters of concern.