Trump Media Withdraws SEC Filings for Truth’s Bitcoin and Ethereum ETF Launch

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TLDR

  • Trump Media & Technology Group withdrew filings for three proposed Truth Social-branded cryptocurrency ETFs.
  • The affected products included the Truth Social Bitcoin ETF, Truth Social Bitcoin & Ethereum ETF and Truth Social Crypto Blue Chip ETF.
  • The SEC filings said no securities were sold because the registration statements had not become effective.
  • Neither Trump Media nor Yorkville America Digital gave an official reason for withdrawing the ETF filings.
  • Trump Media asked the SEC to credit the registration fees for future use, leaving room for possible future filings.

Trump Media & Technology Group has withdrawn regulatory filings for three proposed cryptocurrency exchange-traded funds, including the Truth Social Bitcoin ETF, according to documents filed with the U.S. Securities and Exchange Commission on May 19, 2026.

The withdrawal ends the company’s current attempt to bring a group of Truth Social-branded crypto ETFs to market. The planned funds were sponsored by Yorkville America Digital and were designed to give investors exposure to major digital assets through regulated exchange-traded products.

The affected filings covered the Truth Social Bitcoin ETF, the Truth Social Bitcoin & Ethereum ETF, and the Truth Social Crypto Blue Chip ETF. Each product had been part of Trump Media’s wider move into digital asset investment products under the Truth Social brand.

TMTG Drops Planned Crypto ETF Offerings

Trump Media, which trades on Nasdaq under the ticker DJT, filed a request to withdraw the registration statement for the Truth Social Bitcoin & Ethereum ETF. The statement had originally been filed on June 16, 2025, under SEC file number 333-288064.

The filing said the company had chosen not to proceed with the public offering at this time. It also stated that the registration statement had not been declared effective by the SEC and that no securities had been sold under the proposed offering.

The request was signed by Troy Rillo, manager and chief executive officer of Yorkville America Digital, LLC. The firm served as sponsor for the proposed ETF. Davis Polk & Wardwell LLP was listed as legal counsel for the matter.


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SEC Filing Gives No Official Reason

However, neither Trump Media nor Yorkville America Digital provided an official reason for withdrawing the crypto ETF applications. The filing only stated that ending the registration process was consistent with the public interest and investor protection.

The company also requested that all fees paid to the SEC in connection with the original registration be credited for future use. That request leaves open the possibility that Trump Media or its partners may submit new or revised financial product filings at a later date.

The proposed crypto ETFs were introduced in 2025 as part of an effort to connect the Truth Social brand with digital asset markets. The funds were expected to hold cryptocurrencies directly, rather than only tracking futures contracts or shares of crypto-related companies.

Crypto.com had been identified as a custody partner for the planned products. The structure was intended to give retail investors exposure to token price movements through traditional brokerage accounts.

Truth Social Brand Had Targeted Crypto Exposure

The Truth Social Bitcoin ETF would have focused on bitcoin exposure. The Bitcoin and Ethereum ETF was planned as a two-asset product tied to the two largest cryptocurrencies by market value. The Crypto Blue Chip ETF was expected to provide broader exposure to leading digital assets.

The withdrawal comes during a period of continued interest in cryptocurrency ETFs, as asset managers compete to launch products tied to bitcoin, ether and other large tokens. Several firms have used ETF structures to attract investors who want crypto exposure without directly managing wallets or private keys.

Trump Media’s decision removes the proposed Truth Social-branded funds from the current SEC review process. The company has not announced whether it plans to file amended applications or pursue different digital asset products.

The filing, however, came as public discussion continued around President Donald Trump’s investment holdings and the role of independent financial managers. Eric Trump said on social media that the president’s investment holdings are maintained in discretionary accounts managed by independent third-party institutions. He said those managers control asset allocation, trading and portfolio management.





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