Trump Media Wants to Launch Red-State REITs, American Icons ETFs

Sept. 10, 2025, 5:06 PM UTC

Donald Trump’s social-media company is laying the foundation for a growing suite of exchange-traded funds tied to its “America First” identity, part of a broader effort to convert its retail following into financial muscle.

In a fresh regulatory filing this week, Trump Media & Technology Group Corp. proposed five new ETFs, including products focused on US energy and defense companies, “American Icons” stocks, and a real estate fund targeting Republican-leaning states. The submissions add to a string of applications the company has filed in recent months, including for crypto-linked vehicles, though none have yet launched.

The latest plans underscore ...

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