Donald Trump’s Truth Social (DJT) stock gained 6.7% yesterday after the company said it has applied for trademarks for six investment products under the “Truth.Fi” brand, with plans to launch them in 2025. These include exchange-traded funds (ETFs) focused on “Made in America” companies, U.S. energy independence, and Bitcoin (BTC-USD).
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Also, the company will launch separately managed accounts (SMAs) focused on these ETFs. SMAs are portfolios managed by professional asset managers. These products are designed for investors seeking alternatives to traditional finance, particularly those aligned with “America First” principles.
The move comes a week after Truth Social revealed its expansion into finance under the Truth.Fi brand, aiming to offer Trump-endorsed investments to Americans.
DJT Enters into Strategic Partnerships
As part of this initiative, Truth Social has partnered with financial services firm Charles Schwab (SCHW), to act as the custodian for the investments.
Further, it has teamed up with Yorkville Advisors to help develop and guide these investment products through regulatory approval. If approved, Yorkville will serve as the Registered Investment Advisor, ensuring compliance and product development.
Is Truth Social Stock a Good Buy Right Now?
Truth Social’s expansion into financial services and fintech with the Truth.Fi brand could be a positive development and support higher revenue and profits. However, these initiatives are still in the early stages and will require regulatory approval and successful implementation.
Currently, there are no analyst ratings or price targets available for Truth Social stock. Thus, turning to TipRanks’ Technical Analysis tool, DJT stock is a Sell, on the one-day time frame. This is based on five Bullish, four Neutral, and 13 Bearish signals.
Overall, Truth Social stock has gained 25.89% in the past six months.
