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

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

Trump Media withdrew three proposed Truth Social crypto ETF filings while Bitcoin ETF outflows rose amid broader market pressure that the source also links to a Trump IRS controversy and Iran tensions.

BTC
ETH

Fact Check
The claim is directly and comprehensively verified by primary SEC EDGAR records. The SEC EDGAR Full-Text Search and the individual filing index for Truth Social Bitcoin ETF confirm that three Form RW (Registration Withdrawal Request) filings were submitted on May 19, 2026 for exactly the three funds named in the claim: Truth Social Bitcoin ETF, Truth Social Bitcoin & Ethereum ETF, and Truth Social Crypto Blue Chip ETF, all sponsored by Yorkville America Digital, LLC. The Yorkville America press release on Stock Titan confirms the stated reason - transitioning to the Investment Company Act of 1940 ('40 Act) structure. PANews and CoinGoNet independently corroborate the withdrawal. All three core elements of the claim (withdrawal of three specific ETF filings, Yorkville America as sponsor, and the 1940 Act pivot) are confirmed by authoritative sources.
Summary

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.

Terms & Concepts
  • ETF: An exchange-traded fund is an investment vehicle that trades on an exchange and can provide exposure to assets such as cryptocurrencies.
  • spot Bitcoin ETF: A spot Bitcoin ETF is designed to track the market price of Bitcoin by holding the asset directly or through closely linked structures.
  • Investment Company Act of 1940: A U.S. law governing registered investment companies and fund structures, often referenced as an alternative regulatory framework for investment products.