Trump Media Withdraws Truth Social Bitcoin ETF Filing on May 19 Amid Fee Competition

GateNews
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Trump Media & Technology Group withdrew SEC filings for proposed Truth Social-branded crypto ETFs on May 19, before any shares were sold to the public. The withdrawal covered Bitcoin and Bitcoin-Ethereum products; the company determined not to pursue the public offering at this time. Analysts cited intense fee pressure in the spot Bitcoin ETF market, where more than a dozen competing products charge as low as 14 basis points, making differentiation difficult for new entrants. Trump Media requested SEC credit of registration fees for possible future use.
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