{"id":9265,"date":"2026-05-21T06:11:57","date_gmt":"2026-05-21T06:11:57","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9265"},"modified":"2026-05-21T06:11:57","modified_gmt":"2026-05-21T06:11:57","slug":"trump-media-pulls-bitcoin-etf-filing-as-fee-war-deepens","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9265","title":{"rendered":"Trump Media Pulls Bitcoin ETF Filing as Fee War Deepens"},"content":{"rendered":"

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  • Trump Media withdrew SEC filings for proposed Truth Social-branded crypto ETFs, including Bitcoin and Bitcoin-Ethereum products.<\/span><\/li>\n
  • The May 19 withdrawal requests said no securities had been sold because the registration statements were not effective.<\/span><\/li>\n
  • Analysts said low-fee spot Bitcoin ETF competition made late-entry branded funds harder to sell.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Trump Media & Technology Group withdrew regulatory filings for proposed Truth Social-branded crypto ETFs on May 19, stepping back from Bitcoin-linked fund plans before any shares were sold to the public.<\/p>\n

    The withdrawal covered proposed crypto ETF products tied to the Truth Social brand, including Bitcoin and Bitcoin-Ethereum exposure. Filing summaries said the registration statements had not become effective and no securities were sold under them.<\/p>\n

    The document said the company had determined not to pursue the public offering at this time and requested that the SEC credit registration fees for possible future use.<\/p>\n

    Related: Bernstein Says Figure Is Emerging as Wall Street\u2019s First True Blockchain Capital Markets Play<\/strong><\/p>\n

    Truth Social Filings Pulled Back<\/h2>\n

    Trump Media had announced in June 2025 that it filed a registration statement for the Truth Social Bitcoin and Ethereum ETF. At the time, the company said the launch depended on SEC effectiveness of the registration statement and approval of a related exchange rule filing.<\/p>\n

    Yorkville America was tied to the fund effort as sponsor or investment adviser. Yorkville-related commentary framed the withdrawal as a shift away from 1933 Act registration statements toward products under the Investment Company Act of 1940, a framework it said could provide more flexibility.<\/p>\n

    That leaves the move as a pause rather than a confirmed permanent exit. The registration-fee request means Trump Media or its partners could still file different products later if they choose another structure.<\/p>\n

    Analysts focused on the economics of launching a plain spot Bitcoin ETF in 2026. The US market already has more than a dozen spot Bitcoin products, including funds from large asset managers with established liquidity, custody relationships and aggressive fee schedules.<\/p>\n

    Fee pressure is as low as 14 basis points in the spot Bitcoin ETF market. That makes differentiation difficult for a new entrant unless it can offer lower pricing, better liquidity or a structure that existing funds do not provide.<\/p>\n

    For a Truth Social-branded Bitcoin ETF, the brand may not have been enough.\u00a0<\/p>\n

    Trump Media shares traded around US$8.06 (AU$11.20) at press time, in the latest quote, giving the company a market capitalisation of about US$2.23 billion (AU$3.10 billion).<\/p>\n

    Read more: Forsage Co-Founder Extradited to US Over Alleged US$340M Crypto Ponzi Scheme\u00a0<\/strong><\/p>\n<\/p><\/div>\n

    ETF,SEC,TMTG#Trump #Media #Pulls #Bitcoin #ETF #Filing #Fee #War #Deepens1779343917<\/p>\n","protected":false},"excerpt":{"rendered":"

    Trump Media withdrew SEC filings for proposed Truth Social-branded crypto ETFs, including Bitcoin and Bitcoin-Ethereum products. The May 19 withdrawal requests said no securities had been sold because the registration statements were not effective. Analysts said low-fee spot Bitcoin ETF competition made late-entry branded funds harder to sell. Trump Media & Technology Group withdrew regulatory<\/p>\n","protected":false},"author":1,"featured_media":9266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,483,231,2480,570,1324,3441,283,516],"class_list":["post-9265","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bitcoin","tag-deepens","tag-etf","tag-fee","tag-filing","tag-media","tag-pulls","tag-trump","tag-war"],"yoast_head":"\nTrump Media Pulls Bitcoin ETF Filing as Fee War Deepens - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9265\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Media Pulls Bitcoin ETF Filing as Fee War Deepens\" \/>\n<meta property=\"og:description\" content=\"Trump Media withdrew SEC filings for proposed Truth Social-branded crypto ETFs, including Bitcoin and Bitcoin-Ethereum products. 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