Feb 8, 2025
Ibiam Wayas
U.S. President Donald Trump’s media company, Trump Media and Technology Group (TMTG), recently announced they are planning to launch a Bitcoin ETF, among other products.
The ETF will reportedly go under the name Truth.Fi Bitcoin Plus ETF will directly track the price of Bitcoin (BTC), similar to other Bitcoin ETFs.
But what is Bitcoin plus ETF? It remains uncertain what the "Plus" part of the Bitcoin Plus products would cover. Trump Media has yet to disclose the full details of the ETF.
Generally, ETFs are funds that let speculators buy shares tracking the price of commodities or securities.
Trump Media disclosed in the announcement that the products will be launched this year, however, the timeline of the launch remains unclear.
The US approved 11 ETFs last year. Of all the products, BlackRock's iShares Bitcoin Trust (IBIT) holds the record as the most successful ETF debut in history.
The Bitcoin Plus ETF will mark yet another crypto-related product launch associated with the US President, Donald Trump. Recently, Trump launched TRUMP and MELANIA memecoins, which cumulatively saw at least $15 billion in market cap.
Donald Trump also has a DeFi arm, called World Liberty Financial, which has been actively accumulating Ethereum, Ondo, etc., as well as exploring DeFi services.
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