{"id":11853,"date":"2025-02-07T07:01:46","date_gmt":"2025-02-07T07:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11853"},"modified":"2025-02-07T07:01:46","modified_gmt":"2025-02-07T07:01:46","slug":"trump-media-firm-plans-to-launch-a-bitcoin-exchange-traded-fund","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11853","title":{"rendered":"Trump Media Firm Plans to Launch a Bitcoin Exchange-Traded Fund\u00a0"},"content":{"rendered":"<div>\n<p>On Feb. 6, Trump Media and Technology Group (TMTG), which has the US President as its majority owner, filed to register trademarks for new investment vehicles under its fintech brand Truth.Fi.<\/p>\n<p>Under the new trademarks, the firm plans to offer three types of investment funds. A \u201cMade in America\u201d exchange-traded fund and separately managed accounts (SMA), a \u201cUS Energy Independence\u201d ETF and SMA, and a \u201cBitcoin Plus\u201d ETF and SMA.<\/p>\n<blockquote>\n<p>\u201cSafe to say first-ever POTUS ETF issuer. What a country,\u201d exclaimed Bloomberg ETF analyst Eric Balchunas.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Trump is going to launch a Bitcoin Plus ETF. Safe to say first-ever POTUS ETF issuer. What a country.. <a href=\"https:\/\/t.co\/Oak9TyWtaV\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/Oak9TyWtaV<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1887517577217253753?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Trump to Become an ETF Issuer<\/h2>\n<p>The plan involves up to $250 million custodied by Charles Schwab, with Yorkville Advisors providing guidance. TMTG CEO Devin Nunes <a href=\"https:\/\/ir.tmtgcorp.com\/news-events\/press-releases\/#b2iLibScrollTo\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">stated<\/a> these funds are meant to provide alternatives to what he called \u201cwoke funds.\u201d<\/p>\n<blockquote>\n<p>\u201cWe 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.\u201d<\/p>\n<p>\u201cWe\u2019re exploring a range of ways to differentiate our products, including strategies related to Bitcoin,\u201d he added.<\/p>\n<\/blockquote>\n<p>\u201cDespite Trump\u2019s brand, these will likely be microscopic in asset gathering compared to IBIT [BlackRock iShares Bitcoin Trust], FBTC [Fidelity Wise Origin Bitcoin Fund], et al. That said, just the fact they launching it adds to the \u2018mainstreamification\u2019 narrative, which matters,\u201d commented Balchunas.<\/p>\n<p>TMTG has over $700 million in cash or such equivalents as of year-end, in addition to the $250 million Schwab custody arrangement. The company\u2019s stock (DJT) rose about 5.6% after the announcement.<\/p>\n<p>Despite yet more positive news for the sector, Bitcoin and crypto markets were still in retreat as the week came to a close. Trump\u2019s son Eric said it was \u201ca great time to enter BTC\u201d this week, yet there was still <a href=\"https:\/\/cryptopotato.com\/no-movement-for-bitcoin-after-latest-eric-trump-plug\/\" data-wpel-link=\"internal\">no reaction<\/a>.<\/p>\n<h2>Trump Meme Takes a Hit<\/h2>\n<p>Even Donald Trump\u2019s official meme coin (<a href=\"https:\/\/cryptopotato.com\/trump-token-jumps-6-daily-bitcoin-stands-still-above-98k-market-watch\/\" data-wpel-link=\"internal\">TRUMP<\/a>) didn\u2019t react to the news. The token declined 6% on the day and was trading at $17.50 at the time of writing.<\/p>\n<p>TRUMP is now down 76% from its all-time high of $73 just three weeks ago as meme coins took a beating in the broader market retreat.<\/p>\n<p>There was also no reaction in <a href=\"https:\/\/cryptopotato.com\/bitcoin-to-500k-ethereum-to-20k-analyst-forecasts-a-major-crypto-surge\/\" data-wpel-link=\"internal\">Bitcoin<\/a> markets, with the asset falling to an intraday low of $95,800 before a marginal recovery to reclaim $97,000 during Friday morning trading in Asia.<\/p>\n<p>Additionally, spot BTC ETFs in the US were also in the red yesterday, with an outflow of $140 million following two days of inflows.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/trump-media-firm-plans-to-launch-a-bitcoin-exchange-traded-fund\/\" rel=\"nofollow\">Trump Media Firm Plans to Launch a Bitcoin Exchange-Traded Fund\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Feb. 6, Trump Media and Technology Group (TMTG), which has the US President as its majority owner, filed to register trademarks for new investment vehicles under its fintech brand Truth.Fi. Under the new trademarks, the firm plans to offer three types of investment funds. A \u201cMade in America\u201d exchange-traded fund and separately managed accounts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11853","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11853"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11853\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}