Truth Social
Truth social withdraws bitcoin etf filing amid fee pressure
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Trump Media & Technology Group has withdrawn its plans for Truth Social-branded spot bitcoin and bitcoin-and-ether ETFs. The move came after the firm pulled its registration statements with the U.S. Securities and Exchange Commission on May 19.
Trump Media announced a new data feed that will deliver President Donald Trump's Truth Social posts to institutional traders ahead of regular users. The product, called Truth API, is set to launch on August 1 and targets algorithmic trading firms and banks.
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Trump Media plans to introduce a paid API that provides Wall Street firms with fast access to influential posts on Truth Social. The move aims to monetize content from the platform that can move markets.