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- Trump Media’s Truth․Fi Bitcoin Plus ETF aligns with pro-Bitcoin policies, aiming to expand crypto investment opportunities.
- With $250M allocated, TMTG’s ETF initiative could drive broader Bitcoin adoption and strengthen institutional interest.
In a strategic move aligning with its pro-Bitcoin stance, Trump Media and Technology Group (TMTG) has announced plans to launch the Truth․Fi Bitcoin Plus ETF. This aligns with a previous CNF report, which highlighted that Trump Media and Technology Group would launch TruthFi and invest $250 million in stocks and crypto.
This initiative is part of a broader effort to provide investors with opportunities that reflect the administration‘s priorities, including U.S. energy independence, manufacturing growth, and Bitcoin adoption.
Expanding the Investment Opportunities, On WSJ, Trump Media Chief Executive Devin Nunes stated in a press release:
We aim to give investors a means to invest in American energy, manufacturing, and other firms that provide a competitive alternative to the woke funds and debanking problems that you find throughout the market.
Furthermore, TMTG, founded by President Donald Trump, has filed trademark applications for a series of exchange-traded funds (ETFs) and separately managed accounts (SMAs) under the Truth.Fi brand. These include: Truth.Fi Made in America ETF, , Truth.Fi U.S. Energy Independence ETF, and Truth.Fi Bitcoin Plus ETF
Strategic Partnerships and Financial Backing
To support these ventures, TMTG has partnered with financial services firm Charles Schwab, which will act as the custodian for the funds. Additionally, Yorkville Advisors will serve as the registered investment adviser, guiding the products through the regulatory process.
The company has allocated up to $250 million for these initiatives, reflecting a significant commitment to expanding its financial services portfolio.
Aligning with Pro-Crypto Policies
This move aligns with the current administration’s pro-crypto policies. In January 2025, President Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology,” emphasizing support for digital assets and blockchain innovation.
The order also established the President’s Working Group on Digital Asset Markets, tasked with proposing a comprehensive federal regulatory framework for digital assets within 180 days.
Market Implications and Bitcoin Price Update
The introduction of the Truth.Fi Bitcoin Plus ETF could significantly impact the cryptocurrency market by providing investors with regulated avenues to gain exposure to Bitcoin. This development may further legitimize Bitcoin as an investment asset and encourage broader adoption among institutional and retail investors.
As of February 6, 2025, Bitcoin (BTC) is trading at approximately $97,220, reflecting a 0.96% decrease from the previous close. See BTC price chart below.