Trump Media Plans Launch of Truth.Fi Crypto ETFs and Investments

Trump Media and Technology Group has filed for trademarks for six investment products under its Truth.Fi brand, including the 'Truth.Fi Made in America ETF', 'Truth.Fi U.S. Energy Independence ETF', and 'Truth.Fi Bitcoin Plus ETF'. The company is allocating $250 million towards the launch of digital asset investment vehicles in partnership with Charles Schwab, which will provide custody services for these crypto transactions. The products are designed to align with themes popularized by former President Trump, such as U.S. energy independence and manufacturing, and aim to offer alternatives to what the company describes as 'woke funds'. CEO Devin Nunes emphasized the company's mission to counteract debanking issues within the crypto space. This financial pivot is part of a broader response against perceived corporate censorship and the influence of progressive values in finance. Trump Media's recent trademark applications coincide with a notable market reaction, including surges in Bitcoin and Ethereum prices following the announcement.