Why Trump's Bitcoin ETF Plans Likely Collapsed Before Even Getting Off the Ground
SoSoValue said outflows nearly matched last week’s $1 billion exit as Trump Media withdrew its bitcoin ETF application amid weaker institutional demand.
- On Tuesday, Trump Media & Technology Group withdrew its applications for Bitcoin, Ethereum, and Crypto Blue Chip ETFs; Yorkville America Digital stated the withdrawal of the '33 Act filings is a "proactive strategic decision."
- Yorkville explained that a 40 Act structure would be more beneficial than the '33 Act filings, while Bloomberg Intelligence analyst James Seyffart noted the move comes amid an increasingly competitive ETF landscape.
- Bitcoin ETFs have bled out almost $1 billion in just two days this week, on track to surpass last week's $1 billion exit, as Bitfinex analysts warned that weakening institutional demand is exposing a deeper structural problem.
- Bitcoin, which lost the key $80,000 level, has traded between $76,100 and $77,550 recently; Bitwise research analyst Ishmael Asad reported YTD net flows for Bitcoin ETFs remain slightly positive at about +$432 million.
- Glassnode analysts reported that TradFi sentiment is softening, with Spot ETF MVRV falling 6.1% and ETF Netflows deteriorating sharply, pointing to weaker institutional conviction as macro conditions turn more hostile.
22 Articles
22 Articles
The New York Ledger
CointelegraphTruth Social’s ETF Issuer Withdraws Crypto ETFs
Asset manager Yorkville America has requested to withdraw multiple crypto exchange-traded funds applications filed on behalf of the Donald Trump-backed Truth Social after changing its product strategy. Yorkville America said Tuesday that it is moving away from offerings registered under the Securities Act of 1933, such as the proposed Truth Social Bitcoin ETF, to structures under the Investment Company Act of 1940, saying the shift would enable …
Trump’s Truth Social Withdraws Bitcoin ETF as BTC Defends $77,000 News ETHNews
Truth Social withdrew its Bitcoin and Ethereum ETF filings as Yorkville shifted toward a ’40 Act fund structure. Bitcoin traded near $77,000 as ETF outflows, macro pressure, and defensive derivatives positioning shaped market sentiment. Trump Media & Technology Group’s Truth Social has withdrawn its applications for two crypto exchange-traded funds as Bitcoin trades near a key support area around $77,000. The move comes during a weaker stretch f…
Truth Social withdraws several planned crypto ETFs. The affected funds are Bitcoin and Ethereum funds linked to Donald Trump. Source: BTC-ECHO
Truth Social withdraws several planned crypto ETFs. The affected funds are Bitcoin and Ethereum funds linked to Donald Trump. Source: BTC-ECHO
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