Truth Social-backed crypto ETF applications pulled after $648.6M Bitcoin outflows as Yorkville shifts to '40 Act funds
Truth Social–branded crypto ETF applications were withdrawn after large spot-Bitcoin ETF outflows and a strategic filing shift by asset manager Yorkville.
Trump Media & Technology Group’s proposed Bitcoin ETF tied to Truth Social has been withdrawn from the U.S. Securities and Exchange Commission, and related crypto ETF plans for the Truth Social brand have been scrapped, according to multiple reports [1] [2] [3].
Asset manager Yorkville America moved away from ’33 Act ETF filings toward ’40 Act funds and pulled multiple crypto ETF applications amid weaker Bitcoin ETF demand; the withdrawals follow large spot-Bitcoin ETF outflows totaling approximately $648.6 million on May 18, 2026 [4] [1] [3].
The applications withdrawn included proposals for a standalone Bitcoin ETF as well as pooled products referencing Bitcoin and Ether and a ‘crypto blue chip’ ETF tied to the Truth Social brand, per filings and reporting [2] [3].
Yorkville’s withdrawal of the Truth Social‑branded ETF applications reflects a strategic shift in fund structure and a pause in those specific crypto ETF plans [4] [3].
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Citations
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- 1Breaking: Trump’s Truth Social Withdraws Bitcoin ETF Filing Amid $648M OutflowCoinGape• May 19, 2026
- 2Trump’s Truth Social files to scrap Bitcoin, Ether and blue chip ETF plansCrypto Briefing• May 20, 2026
- 3Truth Social Crypto ETFs Withdrawn After Strategy ShiftCoinpaper• May 20, 2026
- 4Trump-backed Truth Social scraps three crypto ETF bidscrypto.news• May 20, 2026
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