Why Trump's bitcoin ETF plans likely collapsed before getting off the ground
CoinDesk
Trump Media withdrew its bitcoin ETF applications due to intense market competition and fee pressures from established financial giants.Summary
Trump Media & Technology Group has canceled its plans to launch Truth Social bitcoin and ethereum ETFs, officially describing the move as a structural reset. However, industry analysts suggest the decision was driven by an overcrowded spot bitcoin ETF market and aggressive fee wars led by major firms like Morgan Stanley. With existing products charging as little as 14 basis points, experts argue that a new entrant would struggle to gain traction against well-established competitors.
(Source：CoinDesk)