Treasury selects State Street, BlackRock, and Vanguard ETFs for Trump Accounts

The US Treasury Department selected ETFs from State Street, BlackRock, and Vanguard for the Trump Accounts program. Parents will be able to enroll newborns in the investment accounts at hospitals, with the program launching on America's 250th birthday.

The New York Stock Exchange and Nasdaq will be opened from the Oval Office for the launch. The child investment accounts will accept donations of publicly traded stocks, allowing family members and others to contribute to children's financial futures through the government-backed program.