Bitcoin exchange traded funds (ETFs) from BlackRock, Fidelity, ARK Invest and others have been available for a year now. However, history is being made in February 2025 as Donald Trump becomes the first U.S. President to launch an ETF – and to make it even more newsworthy, it’s a Bitcoin ETF.
As you may recall, President Trump launched Trump Media & Technology Group (TMTG) as the umbrella company of social media platform Truth Social. Yet, there’s more to TMTG than social media.
TMTG is now expanding into ETFs, which are like mutual funds except they sometimes have lower fees. Also, ETFs typically trade like stocks with continuously changing prices throughout the day, and they’re often tradable within a wide range of portfolios.
During his campaign, Trump branded himself as the Crypto President. Already, he has ordered an exploration of a potential national Bitcoin stockpile and launched a meme coin.
In a press release, TMTG announced its plans to launch three ETFs and three separately managed accounts (SMAs), for six products in total. These will be the Truth.Fi Made in America ETF and SMA, the Truth.Fi U.S. Energy Independence ETF and SMA, and the Truth.Fi Bitcoin ETF and SMA.
TMTG CEO Devin Nunes stated, “We’re exploring a range of ways to differentiate our products, including strategies related to bitcoin.” He added, “We will continue to finetune our intended product suite to develop the optimal mix of offerings for investors who believe in America First principles.”
Courtesy: CNBC, Bitcoin News
Clearly, 2025 is off to a strong start for long-term Bitcoin bulls. It seems like every day there’s a fresh news item pertaining to cryptocurrency and the blockchain.
Looking ahead, investors might wonder whether it’s wise to buy TMTG’s new Bitcoin ETF. The answer will depend on the details of the fund itself, which aren’t available yet.
Certainly, investors will want to know what fees (i.e., the expense ratio) will be associated with the new Bitcoin ETF. Also, they will want to know whether the ETF will simply track the Bitcoin price, or whether there will be other factors involved.
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Notably, all of these new funds will be part of the “Truth.Fi brand covering financial services and financial technology.” Nunes clarified, “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.”
Presumably, when he speaks of “debanking problems,” Nunes is referring to big banks allegedly refusing services to customers for political reasons. Trump once said to the banks, “Many conservatives complain that the banks are not allowing them to do business within the bank… I hope you’re going to open your banks to conservatives because what you’re doing is wrong.”
Courtesy: @CarlBMenger
While this flurry of cryptocurrency-related news is happening, large-scale investors are buying Bitcoin and retail traders are selling it. This raises the question of whether you want to be on the side of the institutional investors or the amateur traders.
Granted, TMTC’s Bitcoin ETF won’t likely have the same massive trading volume of BlackRock’s and other big banks’ already established funds. As Bloomberg analyst Eric Balchunas put it, “Despite Trump’s brand, these will likely be microscopic in asset gathering compared to IBIT, FBTC et al.”
Nevertheless, the introduction of a presidential crypto fund is a turning point in American finance. Again quoting Blachunas, “That said, just the fact [that they’re] launching it adds to the mainstreamification narrative, which matters.”
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