Truth Social withdraws three crypto ETF applications
2026-05-20 01:54
Odaily Planet Daily News Yorkville America, the asset management company behind Trump's Truth Social, has announced the withdrawal of its three previously filed crypto ETF applications with the SEC, involving the Truth Social Bitcoin ETF, the Bitcoin & Ethereum ETF, and the Crypto Blue-Chip ETF.
The company stated that it will shift from the framework of the Securities Act of 1933 to the Investment Company Act of 1940 to offer more innovative products and enjoy stronger investor protection and tax advantages. However, it did not clearly indicate whether it will continue to pursue crypto ETFs under the new framework. (cointelegraph)
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