Trump Media and Technology Group said on Thursday it has applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors.

Trump Media to launch American First themed ETFs, including Bitcoin, emphasizing US manufacturing and energy independence.

President Trump's social media company, which previously said it was moving into offering investment products, said Thursday that it's taken the first steps toward launching a bitcoin ETF. Why it matters: A company majority owned by the president is launching a financial product that potentially benefits from his policy positions,

The parent company of Truth Social said it had applied for trademarks for investment products that would allow supporters to invest in the “patriotic economy.”

Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies.

Trump Media & Technology Group Corp. applied to trademark brands for six investment products with themes that closely track President Donald Trump’s priorities in office.