President Donald Trump is launching a new crypto product in 2025, a Bitcoin Exchange-Traded Fund. His company announced the move less than a month after launching two new cryptocurrencies, $TRUMP and $MELANIA.
Trump’s company Trump Media & Technology Group, the parent company of Truth Social, applied to register a trademark for a Truth.Fi Bitcoin Plus ETF, as well as a Made in America ETF and U.S. Energy Independence ETF.
The company also applied to trademark separately managed accounts corresponding with each ETF.
“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,” TMTG CEO and Chairman Devin Nunes said in a press release.
He added, “We’re exploring a range of ways to differentiate our products, including strategies related to Bitcoin. We will continue to finetune our intended product suite to develop the optimal mix of offerings for investors who believe in America First principles.”
TMTG is partnering with an affiliate of Yorkville Advisors, which will act as the Registered Investment Advisor for the new products and play a lead role in developing and guiding them through the evolving regulatory process.
“Yorkville is pleased to take this next important step with TMTG in its development of America First investment vehicles,” Yorkville President Mark Angelo said. “We greatly value our position as a strategic financial partner to TMTG and are proud to join with TMTG in the Truth.Fi movement.”
The movement to get a Bitcoin ETF approved in the United States began in 2013, and was unsuccessful until 2021 when the SEC approved futures-based Bitcoin ETFs. In 2024, the first Bitcoin and Ethereum spot ETFs were approved, giving many Wall Street investors their first real exposure to the cryptocurrency.
As of February 2025, the total market capitalization of all Bitcoin ETFs being traded is $116.40 billion, while the total value of all Ethereum ETFs is $8.42 billion.
While TMTG did not specify what will be traded under the Made in America and U.S. Energy Independence ETFs, the former may include cryptocurrencies based in the United States, given Eric Trump’s proposal to exempt such coins from capital gains tax.
In addition to the upcoming Trump Bitcoin ETF, the president has already launched his own Solana-based NFT collectibles and meme coins. He continues to increase his own exposure to the crypto market as he vows to turn the United States into the “world capital” of crypto.
Trump has appointed a number of pro-crypto officials to his new administration, including David Sacks as the first-ever crypto czar, Paul Atkins for Securities and Exchange Commission chairman, Howard Lutnick for commerce secretary, and Scott Bessent for treasury secretary.
The president has also signed several crypto-related executive orders, including the establishment of the Presidential Working Group on Digital Asset Markets, the prohibition of central bank digital currencies, and the repealing of SAB 121, which required that banks count the digital assets they hold as liabilities on their balance sheets.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Sacks announced on Tuesday that one of his top priorities is to evaluate the “feasibility” of a national Bitcoin strategic reserve. Over a dozen states have already proposed or passed legislation to create their own Bitcoin reserves.
The Washington Examiner reached out to Trump Media & Technology Group for comment.