US President Donald Trump’s media company is preparing to offer investment products by stepping into the financial sector. Trump Media & Technology Group (TMTG) has applied for six different investment products through the new Fintech initiative Truth.fi. One of these products is Bitcoin Plus ETF.
Bitcoin Plus ETF will not only focus on Bitcoin
Bitcoin Plus ETF will offer investors not only to Bitcoin, but also on other crypto currencies. Currently there are only Bitcoin and Ethereum in the USA.
Other investment instruments offered by Truth.fi focus on companies in the energy and production sectors. Charles Schwab, one of the experienced financial institutions in investment management, will cooperate with Truth.Fi and create “specially managed accounts için for investors.
Devin Nunes, CEO of TMTG, said that this initiative aims to create an alternative to some financial restrictions in traditional markets:
We aim to offer investors strong alternatives in the US energy and production sectors. At the same time, we want to develop competitive solutions against ‘Woke’ funds and banking problems on the market.
The effect of the Trump family on the crypto world
Donald Trump announced his support to Bitcoin in July last year. Since then, his positive discourses and policies on the crypto market have become one of the most important elements of the second presidential period.
In particular, large capital inflows for Bitcoin ETFs encouraged many investment management companies to offer new crypto ETFs. The year 2024 was the scene of the most successful ETF launches in history, and Bitcoin ETFs reached a total of $ 107 billion.
Trump’s 16 billion dollar crypto investments, breast coin projects, a defi application, Bitcoin -themed sneakers, NFT collections and World Liberty Financial. World Liberty Financial company has a fund of approximately $ 380 million and Trump’s sons Eric and Donald Jr. is managed by.
Trump’s Crypto Policies and Effect on Bitcoin Market
Trump promised to oppose the crypto regulations carried out by the former president of the US Securities and the Stock Exchange Commission (SEC) by Gary Gensler and bring new laws to support the sector.
As Trump was re -elected president, crypto markets gained 38 %. One of the main reasons for this was the expectation that Trump would take a more moderate approach to the crypto industry.
These policies are thought to contribute to the growth of Trump and their family companies. However, some investors express Trump’s criticism of market manipulation with breast coin projects. In particular, a breast coin project, which reached $ 15 billion but has fallen rapidly, was described as a “cash collection move”.
The increasing presence of Trump and his family in the crypto industry continues to repercussions in the financial world.
