Trump Media & Technology Group (DJT) saw its stock soar 5.11% intraday on Thursday, following the company's announcement of plans to launch a series of investment products under the Truth.Fi brand.
According to reports, DJT has applied to trademark several exchange-traded funds (ETFs) and separately managed accounts (SMAs) focused on sectors such as Bitcoin, U.S. manufacturing, and energy independence. The proposed trademarks include the Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and Truth.Fi U.S. Energy Independence ETF.
DJT, the parent company of social media platform Truth Social, aims to provide investors with a means to invest in American companies and sectors aligned with former President Donald Trump's "America First" agenda. The company intends to invest up to $250 million into these Truth.Fi financial products, which will be custodied by Charles Schwab.
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