Trump Media & Technology Group pulled SEC filings for Truth Social-branded Bitcoin and crypto ETFs, citing a decision not to pursue the offering amid stiff competition.

Its advisor, Yorkville America, said the withdrawal is a strategic move to reapply under a more efficient securities framework.

Yorkville America, the ETF issuer partnered with Donald Trump’s Truth Social, is withdrawing from several crypto ETF applications, citing a shift in the asset manager’s investment…