Trump Media Dives Into Crypto and ETFs with Truth.Fi

Crypto News Business

Trump Media Dives Into Cryptocurrency and ETFs with Truth.Fi

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 29, 2025

Key Takeaways

TMTG is launching Truth.Fi, a financial division offering ETFs and crypto services with Charles Schwab managing its funds;
Truth.Fi starts with $250M, focusing on US industries like manufacturing and energy to support economic growth;
TMTG shares surged 10% after the news, with Trump indirectly holding over 114 million shares through a trust.

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Trump Media Dives Into Cryptocurrency and ETFs with Truth.Fi

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Trump Media and Technology Group (TMTG) is expanding into financial services with a new division called Truth.Fi.

Announced on January 29, this decision will introduce investment products, including customized exchange-traded funds (ETFs) and cryptocurrency services. The company is working with Charles Schwab to manage its financial offerings.

Truth.Fi will start with up to $250 million, which will be held by Charles Schwab. The funds will be used for various investment options. According to the company, the focus will be on US industries like manufacturing, energy, and other areas that support national economic growth.

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TMTG CEO Devin Nunes described the expansion as a logical next step. He said:

Truth.Fi is a natural extension of the Truth Social movement. We began with a free-speech social media platform, added a fast TV streaming service, and now we’re moving into finance.

Nunes also stated that the platform aims to offer investment choices that protect users from issues like account closures and financial restrictions, which he attributes to large banks and tech companies.

Following the announcement, shares of TMTG, which trade under the ticker DJT, rose by over 10% in early trading. US President Donald Trump indirectly holds more than 114 million shares through a trust.

Meanwhile, Tuttle Capital Management recently submitted fillings to the US Securities and Exchange Commission (SEC) for a new range of ETFs. What are they? Read the full story.