President Trump’s Truth Social has abandoned plans for a suite of crypto ETFs tied to Bitcoin, Ethereum, Solana, Cronos, and XRP.
According to three filings submitted to the SEC on May 19, Yorkville America Digital, the digital asset-focused investment firm partnered with Trump Media and Crypto.com, requested the withdrawal of proposed registration statements for the Truth Social Bitcoin ETF, Truth Social Bitcoin & Ethereum ETF, and Truth Social Crypto Blue Chip ETF.
The filings state the company no longer intends to pursue the offerings “at this time.” None of the registration statements had become effective, and no ETF shares were issued or sold.
The proposed Truth Social Crypto Blue Chip ETF was structured as a passive fund tracking a basket of leading digital assets, which was heavily weighted with a 70% allocation to Bitcoin, alongside Ethereum, Solana, Cronos, and XRP.
Under the original proposals, the funds were slated to list on NYSE Arca, with Crypto.com affiliate Foris DAX lined up to serve as the digital asset custodian and execution agent.