Trump’s Truth.Fi to Launch Bitcoin Exchange-Traded Products
- Truth.Fi, part of Trump Media and Technology Group, plans two Bitcoin investment vehicles.
- The products are the Truth.Fi Bitcoin Plus ETF and the Truth.Fi Bitcoin Plus SMA.
- Truth.Fi has applied for trademarks for six new investment vehicles.
- $250 million cash will be custodied by Charles Schwab for crypto involvement.
- Bitcoin ETFs have seen significant success in the U.S. since January 2024.
Truth.Fi, under Trump Media and Technology Group, aims to introduce two new Bitcoin-focused investment products: an ETF and an SMA. The brand holds $250 million with Charles Schwab for potential cryptocurrency investments, capitalizing on the recent success of Bitcoin ETFs in the U.S. market.
Source (2.6)https://decrypt.co/304735/president-trump-truthfi-bitcoin-plus-etf?rand=52368
