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Trump-backed Truth Social scraps three crypto ETF bids

Trump-backed Truth Social scraps three crypto ETF bids

Truth Social crypto ETFs were withdrawn after Yorkville America shifted its product plan from ’33 Act crypto filings toward ’40 Act fund structures.

Summary

  • Yorkville withdrew three Truth Social crypto ETF filings after choosing a 1940 Act product structure.
  • The withdrawn funds covered Bitcoin, Bitcoin and Ethereum, and a multi-asset crypto blue chip strategy.
  • Trump Media’s Bitcoin and Cronos holdings pressured first-quarter earnings after $405.9 million in reported losses.

Yorkville America has pulled planned registration statements tied to several Truth Social crypto ETFs, pausing a watched part of Trump Media & Technology Group’s digital-asset push. The…

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