President Trump’s Truth. Fi Plans to Launch &#039, Bitcoin Plus&#039, ETF

President Donald Trump’s fresh banking opportunity is hoping to establish its own Bitcoin exchange-traded items.

Truth. The leader is the majority shareholder in Trump Media and Technology Group, which has filed trademarks for six new investment vehicles, according to Friday’s announcement from Fi, the new monetary arm of the company. &nbsp,

Of the six cars, two may be Crypto money: the Truth. The Truth and Bitcoin Plus ETF. Fi SMA Bitcoin Plus.

Stocks are funds that enable traders to purchase shares with an eye on the price of commodities or securities. Major bank managers—including BlackRock and Fidelity—last year launched place Bitcoin ETFs in the United States, giving more traditional investors the chance to get coverage to the biggest cryptocurrency.

An SMA, or individually managed account, is a type of purchase solution that allows clients—particularly great net-worth individuals—to have greater say over what the investment vehicle contains. &nbsp,

According to Trump Media CEO and president Devin Nunes,” We want to give investors a means to engage in American power, manufacturing, and other companies that offer a competitive solution to the woke resources and debanking issues that you find throughout the market.”

It’s not currently clear what the” Plus” part of the Bitcoin Plus products would entail. reached out to Trump Media for comment on the nature of the Bitcoin Plus materials, but they were unable to provide an immediate answer.

TMTG, the owner of the Truth Social channel that Trump articles daily, last week announced the release of Truth. Fi.

The fintech-focused company said it would be crypto-involved, with$ 250 million dollars that would be custodied by Charles Schwab. The statement said that the brand “may get Bitcoin and related cryptocurrencies or crypto-related securities” as a way to expand its profile.

Since their launch in January 2024, Bitcoin ETFs have been incredibly powerful in the United States, breaking records and generating billions of dollars worth of trading volume. As a result, the price of Bitcoin has partially increased, constantly reaching new all-time highs over the past year.

Prior to his victory on November 5, President Trump declared himself a Bitcoin-friendly member. The fresh commander in chief has made the commitment to support the digital property sector and has appointed crypto-passionate people to his case.