Truth Social, the social media platform run by Trump Media & Technology Group, has filed to withdraw its applications for crypto exchange-traded funds.
According to filings submitted to the Securities and Exchange Commission on Monday, the firm requested to withdraw its Form S-1 registration statement for the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF, filed in June 2025.
"The Company has determined to withdraw the Registration Statement and not to pursue the public offering at this time," the filing said.
Alongside the filings, Yorkville America, the sponsor and investment advisor for Truth Social funds, said in a statement that the withdrawal was intended to pursue a more compelling ETF strategy.
"After careful evaluation, the '40 Act structure allows us to bring more differentiated investment strategies to our investors that are not possible under the '33 Act framework," said Steve Neamtz, president of Yorkville America.
