U.S. President Donald Trump’s media company, Trump Media and Technology Group (TMTG), is making moves to launch exchange-traded funds (ETFs), including one tracking the price of bitcoin (BTC), according to an announcement on Thursday.

Trump Media & Technology Group files for trademarks to launch Bitcoin Plus ETF, marking the first-ever launch by a U.S. president.

Just days after President Donald Trump's media firm launched its Truth.Fi fintech venture, it's already plotting Bitcoin investment products.

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.

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,