On February 6, Trump Media and Technology Group (TMTG), majority owned by the US President, filed a trademark application for new investment vehicles under its fintech brand Truth.Fi.

The firm plans to offer three types of investment funds under the new trademarks. The Made in America ETF and separately managed accounts (SMAs), the US Energy Independence ETF and SMA, and the Bitcoin Plus ETF and SMA.

Despite more positive news for the sector, Bitcoin and cryptocurrency markets are still retreating as the week draws to a close. Trump’s son Eric said that this week is “a great time to get into BTC,” but there’s still no reaction.

Even Donald Trump’s official meme coin ( TRUMP ) hasn’t reacted to the news. The token is down 6% on the day, trading at $17.50 at the time of writing.

TRUMP is now down 76% from its all-time high of $73 just three weeks ago, as meme coins have taken a beating amid the broader market downturn.

The Bitcoin market has also shown little reaction, with the asset falling to an intraday low of $95,800 before recovering slightly to $97,000 in early Asian trading on Friday.

In addition, US spot BTC ETFs were also in the red yesterday, with $140 million in outflows after two days of inflows.

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