Trump Media files for 'TruthFi Bitcoin Plus ETF'

Trump Media has encouraged investors to base their investments on promises from his "MAGA" (Make America Great Again) campaign, including American energy independence, manufacturing growth, and the adoption of Bitcoin.
Cointelegraph reported on the 6th (local time) that the company is looking to offer investors an opportunity to invest in the cryptocurrency.
Ramp Media & Technology Group (TMTG) has announced that it has acquired Truth Social.
Social Platform and Truth+ Video Stream
The company has filed trademark applications for several ETFs and SMAs related to its trading services. The trademark applications include Truth․Made in America ETFs.
i Made in America ETF, Truth Fi Made in America SMA
SMA), Truth Fi US Energy Independence ETF
ETF, Truth Fi Bitcoin Plus ETF
ETF, Truth Fi Bitcoin Plus SMA (Truth Fi
TMTG Chairman and CEO Devin Nunes currently serves as President of the Presidential Intelligence Advisory Committee in the Donald Trump Administration.
He also serves as chairman of the ITF's Intelligence Advisory Board. In relation to the launch of this fund, he said, "This fund provides investors with access to the US energy market.
The competition provides an opportunity to invest in gas, manufacturing and other companies and provides alternative solutions to the problems of "woke funds" and debanking.
"We will play a role in supporting companies with the capabilities to do so," he said. He also explained, "We are exploring various ways to differentiate our products, including strategies related to Bitcoin."
According to TMTG, the Truth Phi Fund will manage up to $250 million in initial investments and will be led by Charles Schwab.
Schwab will hold the account, as will New Jersey-based Yorkville Advisors.
Advisors will act as the registered investment adviser (RIA) to the Fund.
TMTG was founded in 2021 and listed on Nasdaq in March 2024.