I couldn't make this up - soon you may be able to invest in Trump ETFs!

I am not making this up - honest. Here's the timeline of events in Lalaland the USA.

1. 20th Jan. 2021 - D.J. Trump steps down and Biden is elected President of USA.
2. DJT - the President of the USA is banned from Twitter in Jan. 2021 (Elon Musk bought Twitter much later in Oct 2022)
3. The Trump Media and Technology Group (TMTG) was inaugurated in Feb 2021.
4. Trump starts his own website in May 2021 but it was shutdown within a month.
5. In Dec. 2021 TMTG merges with a strange shell Chinese company called Digital World Acquisition Core (DWAC) which began trading after an IPO on NASDAQ in Sept. 2021. TMTG would be a social media company to rival Twitter.
6. DWAC proceeded to raise hundreds of millions of dollars; reporters questioned the ethics and legality surrounding their financial backers and their history with the Securities and Exchange Commission (SEC). In December 2021, TMTG raised $1 billion in private investment in public equity (PIPE) funding and entered into a technology and cloud services agreement with Rumble, which would operate part of Truth Social and TMTG+, a planned subscription-based streaming service. At the same time, they revealed that the SEC and Financial Industry Regulatory Authority (FINRA) had begun investigating the SPAC's communication with TMTG. The company's board includes Trump's son Donald Trump Jr., Nunes, and former Trump administration officials Robert Lighthizer, Kash Patel, Linda McMahon, and Scott Glabe. Devin Nunes resigned from the U.S. House of Representatives in December 2021 and became the TMTG's chief executive officer in January 2022.
7. On February 21, 2022, TMTG released Truth Social, a competitor to social-media platforms such as Twitter. On April 22, 2022, Rumble announced that Truth Social had migrated its website and mobile applications to Rumble's cloud infrastructure. In late April 2022, holding company DWAC lost 44% of its stock value after Elon Musk disclosed his large stake in and intent to buy out Twitter. Matthew Kennedy, a market strategist at Renaissance Capital, said a Musk-owned Twitter would undercut the rationale behind Truth Social's existence.
8. The Sarasota Herald-Tribune reported in July 2022 that according to Florida state records, President D.J. Trump left as chairman of TMTG less than a month before the company received subpoenas from the SEC and the New York grand jury, concurrent with the DWAC subpoenas. His son Donald Trump Jr. and Trump administration official Kash Patel were among others who simultaneously left the TMTG board of directors. Truth Social denied the report. Axios later published records filed by TMTG's agent with the Florida Division of Corporations; an April 28 filing showed Trump and others listed as "director," while a June 8 filing to change "person, title or capacity" directed the Division to "remove" Trump and others
9. In March 2024, TMTG was fully merged into DWAC after MUCH LEGAL CONTROVERSY.
10. On December 19, 2024, president-elect Donald Trump transferred all of his shares (nearly 115 million) into a trust controlled by his son, Donald Trump Jr. The intent was to reduce conflict of interest (!). At the time, these shares were worth about $4 billion. On January 28, 2025, its six directors – Kash Patel, Linda McMahon, Robert Lighthizer, Eric Swider, Kyle Green and Donald Trump Jr. – were awarded nearly 26,000 shares each.
11. Jan. 29, 2025 - DJT was elected President of USA
12. On May 27, 2025, TMTG announced it would create a "bitcoin Treasury" by selling company stock and convertible bonds and buying $2.5 billion of bitcoin. If TMTG's purchase were to go through, TMTG would become the third-largest corporate holder of bitcoin. Two months earlier, Trump had signed an executive order for the United States to create a strategic bitcoin reserve.

Trump Media & Technology Group Corp. (TMTG) is an American media and technology company headquartered in Sarasota, Florida. It runs the Truth Social social-media platform and is majority-owned by the Donald J. Trump. Donald Trump is the settlor and sole beneficiary of the trust. Donald Trump Jr. is the trustee with sole voting and investment power.

11. Aug. 2025 - TMTG file with the SEC for a Truth Social Bitcoin ETF.  The ETF, to be listed on NYSE Arca under the ticker B.T., will hold Bitcoin (BTC) directly and seek to track the flagship crypto’s market price. Crypto.com will act as the exclusive custodian, prime execution agent, and liquidity provider, while Yorkville America Digital will serve as the ETF’s sponsor. The ETF’s structure allocates 70% of its assets to Bitcoin, with 15% in U.S. Treasury securities and 15% in cash or cash equivalents, aiming to balance exposure to the crypto with traditional financial instruments.

12. Sept. 10 2025 - Trump Media and Technology Group (DJT.O), announced the filing for five new exchange-traded funds with the U.S. Securities and Exchange Commission on Wednesday. These filings, made on behalf of Trump Media by Yorkville America Equities, add to the requisitions earlier in the year for ETFs that track digital assets such as bitcoin and Ethereum. The ETFs will be 'America First' themed, the company said, adding that all the ETFs under the brand will be collectively known as the "Truth Social Funds".

If approved, the Truth Social Bitcoin ETF would join BlackRocks spot Bitcoin ETF which has drawn billions since the first U.S. approvals in January and has set multiple records. The filing also highlights the political dimension of TMTG’s crypto ambitions. President Donald Trump, the company’s majority shareholder, has made digital assets a policy priority, pledging to roll back what he calls restrictive regulations and promote U.S. leadership in the crypto economy.

 Isn't capitalism wonderful?

Invest?

So we could invest in the ETFs when they are approved or you could invest in TMTG instead...

TMTG is on wikipedia here which is where I got a lot of this information. It makes very interesting reading!

Roll up, roll up, get your Truth Social Funds from honest DJT and save America.

The share price of $16 is quite low at the moment which may reflect market uncertainty as TMTG seems more dodgy than a 2nd hand motor from Arthur Daley. Isn't deregulation and nepotism a wonderful thing?

Image courtesy Flickr.