Trump Media and Technology Group (TMTG), the entity behind Truth Social, has unveiled plans to introduce a series of "America-First" investment funds.
This initiative marks a significant expansion of TMTG's financial ventures.
According to Conservative Daily News, TMTG, established by President Donald Trump, has filed with the Securities and Exchange Commission to launch five new exchange-traded funds (ETFs) that embody "America-First" values.
The proposed funds include the Truth Social American Icons ETF, American Security & Defense ETF, American Next Frontiers ETF, American Energy Security ETF, and American Red State REITs (Real Estate Investment Trust) ETF.
These ETFs are designed to provide investors with a diversified portfolio centered on specific themes, allowing for exposure to a variety of holdings through a single investment vehicle.
In collaboration with 1792 Exchange, a conservative non-profit organization, TMTG aims to ensure that investments align with the Truth Social brand and America First principles. The 1792 Exchange is known for its efforts to educate businesses about the potential pitfalls of "woke" corporate policies.
As stated in the press release, this partnership will play a crucial role in screening potential investments.
Pending regulatory approval, these ETFs are anticipated to be available on trading platforms later this year. TMTG has also shown interest in the burgeoning crypto market, having filed for several ETFs that include crypto assets. Collectively, these offerings will be branded as the "Truth Social Funds."
Founded in 2021, TMTG's mission is to counter Big Tech's perceived censorship by promoting free speech and empowering individuals online. President Trump, who initially held a $4 billion stake in TMTG, transferred his shares to a trust managed by his son, Donald Trump Jr., prior to assuming office, thereby relinquishing direct ownership.
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