Truth Social

America

Truth

World Liberty Financial

<p>Asset manager Yorkville America has withdrawn several crypto ETF applications filed on behalf of the Trump family-backed Truth Social as it changes strategy.</p>
<p>The ETFs were part of the <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-djt.aspx?TargetURL=https://www.etoro.com/markets/djt" rel="noopener noreferrer nofollow">Trump Media</a> and Technology Group’s broader crypto strategy before it decided to shift to offerings registered under the Investment Company Act of 1940.</p>
<h2 id="truth-social-pulls-etf-bids">Truth Social Pulls ETF Bids</h2>
<p>Yorkville America disclosed in a statement released on Tuesday its decision to move away from offerings registered under the Securities Act of 1933 to offerings registered under the Investment Company Act of 1940. The asset manager believes the move will allow it to offer its clients more innovative products while benefiting from better tax efficiencies and stronger investment products. Yorkville America also withdrew its Truth Social Bitcoin and <a href="https://coinstats.app/coins/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ETF and the Truth Social Blue Chip ETF.</p>
<p>According to the asset manager, the Investment Company Act of 1940 framework provides a clear structure to deliver the “differentiated rules-based strategies the firm is developing for its growing clientele.”</p>
<h2 id="fate-of-crypto-etfs-unknown">Fate of Crypto ETFs Unknown</h2>
<p>Yorkville America is known for its “America-first” investment products. The asset manager has not disclosed whether it plans to pursue a crypto ETF under the Investment Company Act of 1940. The withdrawals of the <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-trump.aspx?TargetURL=https://www.etoro.com/markets/trump" rel="noopener noreferrer nofollow">Trump</a> family-linked ETFs come amid growing concerns about President <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-trump.aspx?TargetURL=https://www.etoro.com/markets/trump" rel="noopener noreferrer nofollow">Trump</a>’s links to the crypto industry and conflict with his responsibilities as US president. Democratic senators have repeatedly questioned the president’s crypto interests, particularly his role within the <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-WLFI.aspx?TargetURL=https://www.etoro.com/markets/WLFI" rel="noopener noreferrer nofollow">World Liberty Financial</a> crypto platform.</p>
<h2 id="crypto-etfs-struggle">Crypto ETFs Struggle</h2>
<p>Yorkville America’s decision comes amid growing struggles for crypto ETFs. Demand has cooled amid a broader crypto market pullback, with net inflows into US spot <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs sitting at $790 million as of Tuesday, May 19, 2026. The inflows are primarily concentrated in <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-BlackRock.aspx?TargetURL=https://www.etoro.com/markets/blk" rel="noopener noreferrer nofollow">BlackRock</a>’s <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-IBIT.aspx?TargetURL=https://www.etoro.com/markets/ibit" rel="noopener noreferrer nofollow">iShares Bitcoin Trust</a> ETF (<a href="https://med.etoro.com/B10215_A127826_TClick_Scb-IBIT.aspx?TargetURL=https://www.etoro.com/markets/ibit" rel="noopener noreferrer nofollow">IBIT</a>). The decline is stark when compared to the $25 billion in inflows recorded by crypto ETFs in 2025. <a href="https://coinstats.app/coins/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs have also struggled this year, recording $640 million in outflows, while newer altcoin ETFs have failed to drum up investor interest.</p>
<h2 id="is-rising-competition-behind-yorkville-america-s-decision">Is Rising Competition Behind Yorkville America’s Decision</h2>
<p>According to Bloomberg ETF analyst James Seyffart, Yorkville America’s decision to withdraw from the ETF market could be due to growing competition. Competition has intensified after Morgan Stanley launched the Morgan Stanley <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> Trust ETF with a 0.14% fee, undercutting its competition. Yorkville America currently offers funds across defense, energy, security, tech, and real estate. The move under the Investment Company Act of 1940 will allow the asset manager to offer products and ETFs designed for diversified and regulated investment strategies.</p>
<p><em>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</em></p>
<p>This article was originally published as <a href="https://www.cryptobreaking.com/yorkville-america-pulls-etf-bids/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Yorkville America Pulls ETF Bids Filed on Behalf of Trump-Backed Truth Social</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.</p>

Yorkville America Pulls ETF Bids Filed on Behalf of Trump-Backed Truth Social

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