(Bloomberg) — A year after agreeing to form a digital treasury company to buy billions of dollars of the Crypto.com digital token known as CRO, Trump Media & Technology Group Corp. ended the deal Friday. The two companies also dropped a plan that would’ve made prediction market contracts available on the Truth Social network.

Most Read from Bloomberg

The withdrawal marks a step back by the Trump-controlled conglomerate from the crypto space after Bitcoin prices fell by nearly half to around $65,000 since their peak last year and enthusiasm for token-hoarding stock vehicles faded.

Crypto.com and Trump Media also canceled a plan to have Crypto.com service certain exchange-traded fund offerings. …