Trump Media Seeks To Expand ‘Truth Social Funds’ With 5 New America-First ETF Filings

Trump Media and Technology Group (DJT) filed for five new ETFs with the U.S. Securities and Exchange Commission on Wednesday.

DJT’s stock edged 0.7% higher in morning trade. Retail sentiment on Stocktwits moved higher but remained in ‘bearish’ territory over the past day. 

The company said that the ETFs would carry an “America-First” theme. The new ETFs, along with requisitions earlier in the year for an ETF that track cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), would collectively be known as the “Truth Social Funds.”

The five thematic ETFs include the Truth Social American Icons ETF, American Security & Defense ETF, American Next Frontiers ETF, American Energy Security ETF, and American Red State REITs ETF. The company stated that the ETFs are expected to launch later this year on the NYSE Arca, although proposed fees weren’t disclosed.

The company launched its ETF ambitions in June of this year, when it announced the launch of a Bitcoin-only ETF. Trump Media then announced in July that it would also be launching the Truth Social Blue Chip ETF. According to the SEC filing, approximately 85% of the fund’s holdings will be allocated between Bitcoin and Ethereum, with Solana (SOL) representing about 8%, Cronos (CRO) accounting for 5%, and Ripple’s native token, XRP (XRP), at around 2%.

Last month, DJT also announced a partnership with Crypto.com to establish a treasury backed by the Cronos token called Trump Media Group CRO Strategy. 

DJT’s stock has fallen more than 50% this year and is down around 8% over the past 12 months.

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