- Trump Media and Technology Group has announced plans to launch several ETFs in 2025, including the Truth.Fi Bitcoin Plus ETF alongside funds focused on American manufacturing and energy.
- The company aims to expand its financial products through separately managed accounts in partnership with Charles Schwab while targeting investors aligned with America First principles.
- Representative Al Green has criticised Trump’s crypto ventures during a House Committee hearing while dismissing claims of crypto industry debanking as regulators and industry leaders clash over banking access.
A US President releasing a memecoin (TRUMP ($17.40)) just days before his inauguration might just be the pinnacle of audacity, or at the very least, a questionable move. But if you think this can’t be topped, consider this: a Donald Trump company is now filing a Bitcoin exchange-traded fund (ETF).
As per a press release, Trump Media and Technology Group (TMTG) has applied for several ETFs tracking Bitcoin, as well as manufacturing and energy in the United States.
The Bitcoin ETF will get the slightly cringe-worthy name ‘Truth.Fi Bitcoin Plus ETF’ – though it’s unclear what the plus is going to be (perhaps a 5% allocation into TRUMP, which would be a very Trump-like move).
Related: Rebranded MicroStrategy Reports $670.8M Q4 Loss, Faces Taxation Challenges
The funds are expected to be released later in 2025, although they have yet to be formally filed with the US Securities and Exchange Commission (SEC).
TMTG Plans to Launch More Financial Products
Devin Nunes, the CEO and Chairman of TMTG said the offering is targeted at those who want exposure to “American energy, manufacturing, and other firms”, adding that they’re “exploring a range of ways to differentiate our products, including strategies related to bitcoin”.
We will continue to finetune our intended product suite to develop the optimal mix of offerings for investors who believe in America First principles.
Devin Nunes, TMTG CEO and Chairman The other funds are called ‘Truth.Fi Made in America ETF’ and ‘Truth.Fi Energy Independence ETF’.
There are also plans to launch more products during the year, as well as so-called SMAs (separately managed accounts) – focused on the same assets but managed by financial services firm Charles Schwab.
These SMAs are usually offered to individual or institutional investors and managed by professional asset managers.
Not Everyone Agrees with Trump Crypto Ventures
At a hearing of the House Financial Services Committee’s Oversight and Investigations Subcommittee on February 6, Texas Representative Al Green, criticised Trump for his involvement in crypto.
He said that rather than focusing on “fake” debanking claims, lawmakers should pay more attention to the president’s memecoin adventures.
Green challenged the idea that the Biden administration was anti-crypto and alleged that the so-called Operation Choke Point 2.0 is a “fake program” that was “never initiated”.
Related: CFTC to Refocus on Fraud, Major Shift Away From ‘Regulation by Enforcement’
Some crypto executives have claimed they had been cut off from the US banking system, which the Representative challenged:
Regulators asking banks to consider the risks associated with the cryptocurrency industry does not amount to debanking.
Al Green, Texas Representative Others had a different experience, with Coinbase chief legal officer Paul Grewal calling the government’s efforts “regulation by exhaustion”. According to Grewal, the Federal Deposit Insurance Corporation (FDIC) deceived the public when it claimed the crypto industry had access to banking services while sending them letters of concern.
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