Trump Media & Technology Group has withdrawn its plans for Truth Social-branded spot bitcoin and bitcoin-and-ether ETFs.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.
Yorkville America, the issuer behind the Truth Social funds, described the withdrawal as a strategic shift toward products structured under the Investment Company Act of 1940. Officials said the change would allow more flexible strategies with broader distribution and added investor protections.
