US President Donald Trump’s media company, Trump Media and Technology Group (TMTG), makes movements to launch the exchange -dealing funds (ETFs), including one that tracks the award of Bitcoin (BTC), according to a message on Thursday.
The ETFs – three of them in total with other planned products – would be launched under Trump’s truth.fi -brand. For example, the Bitcoin-focused fund would go by the name Truth.Fi Bitcoin plus ETF. The other two funds are the truth.
The company plans to launch the products this year, according to the message, but did not provide further details about the timeline. The US Securities and Exchange Commission is tasked with reviewing and approving this product once filed. Trump nominated Paul Atkins to be the new President of Securities and Exchange Commission (SEC) after departing Gary Gensler who left the agency when Trump was inaugurated in January.
“We aim to give investors a means of investing in American energy, manufacturing and other companies that provide a competitive alternative to the waking funds and banking problems that you find throughout the market,” said TMTG CEO and chairman Devin Nunes in A statement. “We are exploring a number of ways to differentiate our products, including strategies related to Bitcoin.”
The funds would be exacerbated by Charles Schwab with New Jersey-based Yorkville advisers who act as an investment advisor.
Several Spot Bitcoin ETFs were launched in January 2024 and immediately attracted billions of dollars capital from a number of retail and institutional investors. Blackrocks Ishares Bitcoin Trust (Ibit) accumulated more than $ 52.3 billion assets in the first year (a combination of large influxes and the sharp rise in the price of Bitcoin), making it the most successful ETF launch in the story of American ETFs.
According to Bloomberg Intelligence Senior ETF analyst Eric Balchunas, TMTG’s Bitcoin ETF will probably not see the same traction but still matter.
“Despite Trump’s brand, these are likely to be microscopic in the collection of active compared to Ibit, FBTC et al.,” Balchunas wrote in a post about X. “When it is said, just the fact [that] the [are] Launching it adds to the mainstreamification tale that matters. “
