07-02-2025
Trump Media files to trademark investment products targeting bitcoin, US industries
Trump Media files to trademark investment products targeting bitcoin, US industries
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Trump tells crypto team to draft new rules, explore US stockpile
"Hello bitcoiners!" He courted cryptocurrency fans during his election campaign. "If crypto is going to define the future, I want to be mined, minted and made in the USA, and it's going to be.' Now Donald Trump is taking steps to deliver on his promise to be a 'crypto president."
Trump Media and Technology Group DJT.O said on Thursday it has applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors.
The trademarks include Bitcoin Plus ETF, Made in America ETF, and U.S. Energy Independence ETF.
Trump Media and Technology Group (TMTG) is yet to file for all six products with the U.S. Securities and Exchange Commission.
TMTG is also looking to launch three separately managed accounts (SMAs) focused on these assets, in partnership with financial services firm Charles Schwab SCHW.N.
In case you missed it: Trump Media launches FinTech services brand amid crypto boom
SMAs are investment portfolios managed by professional asset managers for individual investors or institutions.
U.S. President Donald Trump is the majority owner of TMTG, which runs the social media platform Truth Social.
Last week, TMTG said its board approved the launch of a financial services and fintech brand, The new products are part of the strategy and include investments of up to $250 million, which will be custodied by Charles Schwab.
Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta
