Truth Social’s ETF Issuer Withdraws Crypto ETFs
Cointelegraph
Asset manager Yorkville America has withdrawn applications for several Truth Social-branded crypto ETFs to pursue a different regulatory structure.Summary
Yorkville America, the asset manager for Donald Trump-backed Truth Social, has withdrawn its filings for various crypto exchange-traded funds (ETFs). The firm stated it is shifting its strategy from the Securities Act of 1933 framework to the Investment Company Act of 1940 to allow for more innovative products and better investor protections. While the firm noted this strategic pivot, analysts suggest the move may also be influenced by intense competition in the Bitcoin ETF market, where fees have reached new lows. This withdrawal occurs against a backdrop of cooling demand for crypto ETFs in 2026 and ongoing political scrutiny regarding Trump's involvement in the crypto industry.
(Source：Cointelegraph)