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COINTURK NEWS > Cryptocurrency News > Trump’s Company Ventures into Cryptocurrency Products with New ETF Launch
Cryptocurrency News

Trump’s Company Ventures into Cryptocurrency Products with New ETF Launch

In Brief

  • Trump Media is launching customized ETFs and SMAs in cryptocurrency.

  • The company aims to offer investment tools in American sectors.

  • CEO Nunes emphasizes differentiation in Bitcoin-related strategies.

Fatih Uçar
Fatih Uçar 3 months ago
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Donald Trump’s company, TMT, is making surprising strides in the cryptocurrency sector. While BTC prices may not be significantly affected, these developments signal positive trends. The friendly approach to cryptocurrency regulations might stem from the engagement of the U.S. President with these laws, and recent actions seem to affirm this notion.

Trump Cryptocurrency Products

Trump Media and Technology Group, which operates the social media platform Truth Social and the video streaming service Truth+, announced its application for trademark registration related to customized exchange-traded funds (ETFs) and separately managed accounts (SMAs) that will launch this year.

Among the offerings in the energy sector, the TruthFi Bitcoin $103,735 Plus ETF and TruthFi Bitcoin Plus SMA products are noteworthy. Previously, the idea to develop an investment product with a portion of $250 million from a $750 million asset was announced. TMTG’s CEO, Devin Nunes, stated:

“We aim to provide investors with a tool to invest in American energy, manufacturing, and other firms. We are exploring various ways to differentiate our products, including strategies related to Bitcoin. We will continue to develop our product package to create the optimal mix for investors who believe in American principles.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 6 February, 2025 - 5:15 pm 6 February, 2025 - 5:15 pm
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