Trending Now - Truth Social Abandons Plans for Bitcoin ETF Application

WHO:

Bitcoinist - Trump Media-linked Truth Social is involved in the Bitcoin ETF withdrawal.

Cointelegraph - Trump Media & Technology Group is associated with the crypto ETFs.

WHAT:

Bitcoinist - Truth Social has requested the US Securities and Exchange Commission to withdraw its spot Bitcoin ETF registration.

Cointelegraph - The crypto ETFs were part of a broader crypto strategy by Trump Media & Technology Group, which included the launch of the Truth.fi financial platform.

WHEN:

Bitcoinist - The withdrawal request was dated May 19, 2026.

WHY:

Bitcoinist - The withdrawal ends one of the more politically visible attempts to enter the crowded US Bitcoin fund market.

HOW:

Bitcoinist - The withdrawal request was addressed to the SEC.

(UPDATED May 20, 2026 10:05 UTC)

Trump Media-linked Truth Social has requested the US Securities and Exchange Commission to withdraw its spot Bitcoin ETF registration, a move that marks the end of a politically visible attempt to enter the competitive US Bitcoin fund market. This withdrawal is part of a broader strategy by Trump Media & Technology Group, which also included plans for the launch of the Truth.fi financial platform. The request to the SEC was dated May 19, 2026, signaling a shift in the company's approach to cryptocurrency investments.