The post Trump Media Files Trademarks for TruthFi Investment Vehicles, Including Bitcoin Plus ETF appeared first on Coinpedia Fintech News
In a latest development, Trump Media and Technology Group (TMTG), operator of the social media platform Truth Social and the video streaming platform Truth+, announced today that the company has applied to register trademarks for brand names connected to the launch of its customized exchange-traded funds (“ETFs”) and customized separately managed accounts (“SMAs”) beginning this year.
In a press release, Trump Media revealed that it has filed for a trademark for the Truth.Fi Bitcoin Plus ETF. This is part of one of six applications the company has submitted for brand names linked to its tailored exchange-traded funds and separately managed accounts, starting this year.
The trademarks comprise the following:
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 SMAThe investment vehicles will be part of the new Truth.Fi brand, focused on financial services and technology. The launch is a key part of TMTG’s strategy, which includes a $250 million investment held by Charles Schwab, which will partner with TMTG to develop the SMAs.
The company has also signed a services and licensing agreement with an affiliate of Yorkville Advisors (“Yorkville”). Pending approvals, Yorkville will serve as the Registered Investment Advisor for the new financial vehicles, leading product development and guiding them through the regulatory process.
TMTG CEO and Chairman Devin Nunes stated that their goal is to offer investors opportunities in American energy, manufacturing, and companies that provide a competitive alternative to woke funds and debanking issues. He also revealed that they are exploring different strategies, including bitcoin, and will keep refining their products to align with America First values.
Donald Trump’s World Liberty Financial is also making strides in the crypto space, with a total of $34.8 million in crypto assets, as reported by Arkham Intelligence. In addition to holding USDC, its biggest holdings include $9.34 million in Tron (TRX), $5 million in staked Ethereum, and $1.16 million in Ethereum (ETH).
