Trump Media & Technology Group (NASDAQ:DJT), which was co-founded by President Donald Trump, is pushing deeper into the world of finance with a filing for several custom exchange-traded funds, a move that comes after recently rolling out plans for Truth.Fi.
What Happened: Following up on a trademark made for Truth.Fi in November, Trump Media & Technology is expanding its offerings beyond its Truth Social social media platform and Truth+ video streaming platform.
The company filed for several customized ETFs and separately managed accounts on Thursday. The filing advances the company’s plans to launch America First-Themed ETFs and SMAs.
The trademarks include:
- Truth.Fi Made in America ETF
- Truth.Fi Made in America SMA
- Truth.Fi U.S. Energy Independence ETF
- Truth.Fi U.S. Energy Independence SMA
- Truth.Fi Bitcoin Plus ETF
- Truth.Fi Bitcoin Plus SMA
“The investment vehicles will be components of the new Truth.Fi brand covering financial services and financial technology,” the company said in a press release.
The launch of Truth.Fi includes the investment of up to $250 million to be custodied by Charles Schwab Corporation (NYSE:SCHW), which is partnering with Trump Media to develop the SMAs.
Trump Media also signed services and licensing agreements with an affiliate …
Full story available on Benzinga.com