Donald Trump’s name, Trump Media and Technology Group (DJT), wants to launch a Bitcoin Exchange Trade Fund, and the US president financially faces the surge in digital assets following his election It shows another way you can participate.
Announcement of plans for the “Bitcoin Plus ETF” last week said Trump Media submitted to register a series of ETF trademarks under the new Truth.fi brand, making its independence of “American ETFs” and “US Energy” etf. ”
The pitch from Trump media, which is mostly owned by the president, means investors can be exposed to areas tailored to the president’s economic priorities.
“We provide investors with a means to invest in America’s energy, manufacturing, and other companies that offer competitive alternatives to the awakening funding and decutting problems you’ve found across the market. I’m aiming to give it.”
“We are looking for different ways to distinguish products, including strategies related to Bitcoin.”
The announcement was the latest example of how Trump could benefit from investor bullishness on cryptocurrencies, while also encouraging more favorable regulations in the Washington, DC industry.
Last year, during a campaign, Trump pledged to make the US the “copy capital of the Earth,” and just before he took office, his team launched an official meme coin for President 47 (Trump), first. Lady Melania Trump (Melania) on Solana (sol) blockchain.
According to disclosures on Meme Coin’s website, Trump Organization affiliates Fight Fight Fight LLC and CIC Digital LLC are eligible for 80% of Meme Coin’s total supply under a three-year unlock schedule.
Trump and his sons are also supporters of World Liberty Financial, another crypto project that they promoted on social media.
In Trump’s first week, he signed executive action, which created a presidential group that coordinated the establishment of clear regulations for the digital asset industry, and added a new working group to “potentially create and maintain national digital asset stockpiles.” was instructed to evaluate.
The group chairs White House AI and Crypto Czar David Sacks, and includes the Secretary of the Treasury, SEC Chairman and various other financial regulators.
Last month, Trump repeatedly supported the industry in a virtual speech at the World Economic Forum, saying he plans to turn the United States into the “world capital of artificial intelligence and cryptography.”
The story continues
