Yorkville America Withdraws Truth Social Bitcoin and Bitcoin-Ethereum ETF Filings

Trump Media withdrew filings for three proposed Truth Social-branded crypto exchange-traded funds: a spot Bitcoin ETF, a Bitcoin-Ethereum ETF, and a Crypto Blue Chip ETF. The company cited a shift toward a structure under the Investment Company Act of 1940 rather than the prior registration approach, while reports also pointed to intensifying competition in the crypto ETF market. Separately, the source says Bitcoin ETF outflows increased as market sentiment weakened amid the filing withdrawal, a Trump Internal Revenue Service controversy, and tensions involving Iran. No numerical outflow figures or additional filing details were provided in the newer source.

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