Trump Will Launch Bitcoin ETF
Trump Media and Technology Group (DJT) plans to introduce its own Bitcoin Plus ETF, a significant step for the business and the asset.
The business has applied for numerous trademarks under the Truft name. Fi umbrella, one of which is a BT investment vehicle.
According to a Thursday announcement, the company filed for six trademarks. The names are “related to the introduction of its customer separately managed accounts (‘SMA’) and customized exchange-traded funds (‘ETFs’) starting this year.
Donald Trump is unambiguous about his position on the cryptocurrency market As the first pro-crypto president in history, Trump would indeed win the election and return to the White House
The business that bears his name is still aligned with those goals. On Thursday, the company made a major announcement after announcing last week that it would invest in cryptocurrencies.
The announcement also mentions that up to $250 million will be invested in its recently adopted FinTech strategy. The introduction of Bitcoin ETFs altered the digital asset market in 2024.
They were introduced in January of that year and quickly gained traction after being issued by well-known financial institutions like Fidelity and BlackRock. Because of their success, the products were dubbed the “greatest ETF launch in history.”.
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