Trump Media and Technology Group launched its asset management service, Truth.Fi, today. The company wants more income sources beyond its Truth Social platform, which sees only 646,000 daily visits. Last year, the firm reported just $3.6 million in sales, with actual billings around $200,000.
The company's board approved using up to $250 million from cash reserves to create Separately Managed Accounts and ETFs earlier this year. For this venture, they partnered with Yorkville America Equities and Index Technologies Group. They offer investment strategies focused on Faith and values, Liberty and security, Energy Independence, and Made in America themes.
Trump Media also joined forces with Crypto.com to develop cryptocurrency ETFs under...