NEWSLETTER
President Donald Trump's social media company, Trump Media and technology Group (TMTG), announced Thursday that he has started a fund quoted by bitcoin Exchange (ETF).
Trump Media to boost the truth.
The official advertisement He revealed that TMTG has requested commercial brands associated with its next financial products, which will be qualified under the new Truth.FI label.
This brand will cover a range of financial services and technology offers, including personalized bags in the stock market and accounts administered separately (SMA).
The launch of Truth.FI represents a fundamental part of the Trump media group strategy to integrate financial services with their existing platforms, such as Truth Social and Truth+, which focus on social networks and video transmission, respectively.
To support these initiatives, TMTG plans to invest up to $ 250 million, which will be guarded by Charles Schwab. This association is aimed at improving the development of the new SMA, indicating TMTG's commitment to establish solid financial infrastructure.
America First Investment Vision in the middle of the bitcoin ETF plans
Devin Nunes, CEO and president of Trump Media and technology Group, articulated the company's vision, declaring:
Our goal is to provide investors with a means to invest in American energy, manufacturing and other companies that provide a competitive alternative to alarm funds and dependent problems that are found throughout the market.
Nunes emphasized further the exploration of several strategies, including those related to bitcoin ETF, to differentiate their product offers, with the aim of attracting investors that are aligned with the principles of “America first.”
The president of Yorkville Advisors, Mark Angelo, expressed enthusiasm for the association, stating: “Yorkville is pleased to take this important step with TMTG in its development of investment vehicles of America First.”
At the time of writing, btc is quoted at $ 97,360, registering losses of almost 8% in the weekly period.
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