Trump Mobile Launches $500 Smartphone Orders; Trump Media and Technology Group’s Crypto ETF to Feature Bitcoin and Ethereum in a 75:25 Allocation

This article does not constitute investment advice. The author holds no shares in any stocks discussed herein.

Trump Family Ventures Amid Controversy

The commercial activities of the Trump family are expanding rapidly, despite facing significant scrutiny and criticism. Some political factions claim that these ventures undermine the integrity of the U. S.Presidency.

New Developments from Trump Media and Technology Group

In a notable update, Trump Media and Technology Group has announced details about its forthcoming cryptocurrency exchange-traded fund (ETF).This follows a recent trend of increasing involvement in the digital currency sector.

Truth Social ETF Registration

The company, which oversees the Truth Social platform along with various other services, has recently submitted a registration statement with the SEC for its Truth Social Bitcoin and Ethereum ETF. This fund is designed to hold cryptocurrencies in a 75:25 ratio, with Crypto.com designated as the custodian and execution agent for the ETF.

Earlier this year, Trump Media filed a similar registration with NYSE Arca for a dedicated Bitcoin ETF, highlighting their strategic push into the cryptocurrency market.

Investment in Customized ETFs

In January, the board members of Trump Media approved an allocation of up to $250 million aimed at developing customized separately managed accounts (SMAs) and ETFs under the new Truth. Fi brand. This proactive approach indicates the company’s commitment to diversifying its financial offerings.

Funding and Shareholder Details

Recently, Trump Media secured $2.3 billion through the issuance of 29 million convertible notes and an equity offering that included 56 million common shares. This capital is earmarked for building a dedicated Bitcoin Treasury. Notably, President Trump stands as the largest shareholder in Trump Media and Technology Group.

Launch of Trump Mobile’s T1 Smartphone

In another initiative, Trump Mobile has opened pre-orders for its new T1 Mobile smartphone, priced at $499. This device commemorates the 10th anniversary of President Trump’s first presidential campaign launch.