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Event File CRYPTO Bitcoin ETFs

Trump-Backed Truth Social Withdraws Crypto ETF Filings

5 reports · First detected 2026-05-20 · Last active 2026-05-24

Truth Social is owned by Trump Media & Technology Group (TMTG), whose Truth.Fi unit engaged Yorkville America to establish cryptocurrency ETFs. Competition has been fierce since U.S. spot Bitcoin ETFs were approved in 2024. The ability of new funds to attract capital is key to the Trump camp’s push into digital assets.

Yorkville America Digital withdrew three S-1 registration statements from the U.S. Securities and Exchange Commission on May 19, 2026, covering a Bitcoin ETF, a Bitcoin and Ethereum ETF, and a Crypto Blue Chip ETF. None of the filings had become effective, and no securities had been sold, leaving public-offering proceeds at $0. The company will shift from a structure under the Securities Act of 1933 to one governed by the Investment Company Act of 1940 to strengthen oversight and product flexibility.

All Coverage

5 original reports
BLOCKCAST.IT 2026-05-24
Truth Social 撤回比特幣 ETF 申請！背後藏有策略型 ETF 轉型大計？
COINDESK.COM 2026-05-20
Why Trump's bitcoin ETF plans likely collapsed before getting off the ground
COINTELEGRAPH.COM 2026-05-20
Trump-backed Truth Social pulls bids for crypto ETFs
ABMEDIA.IO 2026-05-20
川普 Truth Social 撤回比特幣 ETF 申請：放棄公開發行
BLOCKTEMPO.COM 2026-05-19
川普 Truth Social 撤回比特幣 ETF 申請，分析師：市場已是紅海競爭難有肉吃

The Backstory

The history behind this event
Trump Media Weighs Truth Social Spinoff to Focus on Crypto Expansion2026-03-02 · 1 reports · similarity 0.81

Trump Media & Technology Group launched its fintech brand Truth.Fi in 2025, established a Bitcoin treasury and partnered with Crypto.com to apply for ETFs covering Bitcoin, Ether and Cronos. It held more than 11,500 Bitcoin as of the end of September. A spinoff would allow the social media platform to be valued separately from the company's crypto-asset and energy businesses, with implications for shareholder interests and capital allocation.

Trump Media said on February 27, 2026, that it was in talks with nuclear fusion startup TAE Technologies and special-purpose acquisition company Texas Ventures Acquisition III. After its proposed merger with TAE, valued at more than $6 billion, is completed, Truth Social would be spun off as SpinCo and then merge with the SPAC to go public. Shares would be distributed to existing shareholders, but the plan remains subject to definitive agreements and regulatory approval.

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