This ambitious step comes as TMTG continues to expand its financial influence. The company has applied to register a trademark for a Truth.Fi Bitcoin Plus ETF, alongside a Made in America ETF and a U.S. Energy Independence ETF. Each of these funds aims to provide investors with an alternative to what TMTG refers to as "woke funds" that dominate the market.
You May Also Like:Trump’s entry into the Bitcoin ETF space aligns with a broader movement that began in 2013 but gained real traction in 2021 when the SEC approved futures-based Bitcoin ETFs. In 2024, spot Bitcoin and Ethereum ETFs were finally approved, giving Wall Street and mainstream investors their first real exposure to cryptocurrencies. Today, the total market capitalization of all Bitcoin ETFs stands at a staggering $116.40 billion, with Ethereum ETFs valued at $8.42 billion.
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Devin Nunes, TMTG CEO and Chairman, emphasized the company's mission:
“We 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.”
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TMTG has partnered with an affiliate of Yorkville Advisors, which will act as the Registered Investment Advisor for these new products. Yorkville President Mark Angelo echoed Nunes' enthusiasm, stating that Yorkville is proud to support TMTG in its vision to create
"America First investment vehicles."Trump’s aggressive push into cryptocurrency doesn’t stop at ETFs. His administration has already enacted several executive orders to reshape the digital asset landscape. Among them:
- The establishment of the Presidential Working Group on Digital Asset Markets
- The prohibition of central bank digital currencies (CBDCs)
- The repeal of SAB 121, which required banks to classify digital assets as liabilities
Additionally, Trump has surrounded himself with a pro-crypto team, including David Sacks as the first-ever "crypto czar," Paul Atkins as SEC chairman, Howard Lutnick as commerce secretary, and Scott Bessent as treasury secretary.
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These moves reinforce Trump’s vision of turning the U.S. into the "world capital" of cryptocurrency, a goal that aligns with Eric Trump’s proposal to exempt U.S.-based cryptocurrencies from capital gains tax.
Will This Boost Crypto Adoption?
Trump's deeper involvement in the crypto market has already sparked renewed interest among investors and traders. If his Bitcoin ETF gains approval, it could drive further mainstream adoption of digital assets.
With TMTG setting its sights on Bitcoin ETFs and potential U.S.-based crypto investments under the Made in America ETF, the coming years could redefine the future of cryptocurrency in America.
Stay tuned to Nollywood Spotlight for more updates on how global trends impact the entertainment and financial sectors!
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