Truth.Fi Seeks Bitcoin ETF Registration

According to PANews, Truth.Fi, a subsidiary of Trump Media & Technology Group (TMTG), has applied to register the 'Truth.Fi Bitcoin Plus ETF,' marking its entry into the Bitcoin ETF and fintech services sector. TMTG plans to launch various ETFs and customized investment accounts (SMAs), including an American manufacturing-themed ETF, an American energy independence ETF, and Bitcoin-related ETFs. The project is expected to attract up to $250 million in investment, with Charles Schwab serving as the custodian and collaborating with TMTG to develop SMA products.