The launch of Trump Accounts, with seeded custodial IRAs for children and a focus on low-cost US equity index funds and ETFs, puts broad US equity exposure at the center of a major policy experiment. If participation is wide, future flows into index products could influence how everyday households invest and how large US equity funds change in size. If participation is limited, existing gaps may simply widen. This article looks at 3 positively exposed funds from our US Equity Index Funds and ETFs screener, helping you assess which opportunities might fit, or not fit, your own long term investing approach.

Blue Owl Capital (OWL)

Overview: Blue Owl Capital is an alternative asset manager that provides long term, permanent capital solutions to middle market companies, large investment managers, and real estate owners, mainly through private credit, GP stakes, and net lease real estate strategies in the United States.

Operations: Blue Owl Capital generates all of its reported revenue of about US$2.9b from asset management services to clients in the United States.

Market Cap: US$14.1b

Blue Owl Capital is attracting interest because it sits at the intersection of private credit, real assets, and a growing push to open institutional style investing to more retail and retirement accounts, which could become more relevant as Trump Accounts channel more 401(k) style flows into funds and ETFs. The business leans on permanent capital vehicles and fee based revenue. Investors still need to weigh a high P/E, a 9.69% dividend that is not well covered by earnings or free cash flow, and sizeable debt and redemption pressures in some private credit funds. Recent moves such as acquiring Sila Realty Trust and taking a stake in the Cleveland Cavaliers illustrate how Blue Owl is attempting to align its strategy with these trends in ways that are not fully reflected in the headline numbers.

Blue Owl Capital’s permanent capital model and 9.69% dividend are eye catching, but the real story could be how its fee based engine holds up under debt and redemption pressure, so review the 1 key reward and 3 important warning signs (1 is major!)

Coinbase Global (COIN)

Overview: Coinbase Global operates a crypto asset platform that lets consumers trade and hold digital assets, gives institutions a brokerage and liquidity hub for crypto markets, and offers developers tools to build applications and services onchain.

Operations: Coinbase Global generates about US$6.3b in revenue from data processing activities, with around US$5.5b from the United States and about US$1.1b from international markets.

Market Cap: US$43.6b

Coinbase Global is worth a closer look because it sits where crypto trading, tokenized assets and more traditional financial products start to blur, which matters as Trump Accounts funnel fresh money into index ETFs and potentially, over time, tokenized versions of those products. Management is pushing toward an “everything exchange” that includes tokenized equities and AI driven trading tools, while still wrestling with earnings volatility, a high 55.6x P/E and reliance on external funding rather than deposits. Forecast earnings growth of 32.58% per year and strong institutional partnerships are pulling in one direction, while low current ROE, one off hits and sensitivity to crypto sentiment pull in the other. That tension is exactly what investors need to weigh.

Coinbase Global’s push toward an “everything exchange” with tokenized assets and AI tools could be more than hype, but the real twist sits inside the analyst forecasts for Coinbase Global

Bullish (BLSH)

Overview: Bullish operates a global digital asset platform that combines a crypto spot and derivatives exchange with benchmarking, market data, and media services through its Bullish Exchange and CoinDesk businesses, serving both retail traders and institutional clients.

Operations: Bullish currently reports about US$267.9m in revenue from unclassified services, reflecting its mix of trading, index, data, and information products.

Market Cap: US$3.9b

Bullish stands out in the Trump Accounts era because it sits where tokenized securities, low cost index exposure, and crypto style trading infrastructure start to intersect. However, while earnings and revenue are forecast to grow quickly and the company is expected to move from losses to profitability over the next few years, the P/S multiple is far above peers and current returns on equity remain low and negative, so expectations are already high. Regulatory approval in Gibraltar for tokenized securities and strong issuer interest that management highlights suggest real momentum. At the same time, investors still have to weigh execution risk around options, tokenization, and the Equiniti deal against the potential upside if Bullish becomes a core venue for tokenized US equity index products.

Bullish’s rich P/S and early tokenization push could be masking where the real inflection sits, so walk through the analyst forecasts for Bullish to see what might be driving the story’s most important twist.

The three stocks highlighted here are just a starting point, and the full US Equity Index Funds and ETFs screener on Simply Wall St surfaces 30 more companies with equally compelling narratives inside the US Equity Index Funds and ETFs screener. Use Simply Wall St to identify and analyze the specific catalysts and fund characteristics that matter to you so you can focus on the highest conviction ideas from this broader universe.

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If Bullish or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.