Yorkville America Withdraws Truth Social Crypto ETFs Amid Market Slowdown in 2026

According to Yorkville America, the asset manager withdrew several crypto exchange-traded fund (ETF) applications filed on behalf of Trump Media & Technology Group this year. The withdrawn products included Truth Social Bitcoin ETF, Truth Social Bitcoin & Ethereum ETF, and Truth Social Crypto Blue Chip ETF. The company is transitioning from Securities Act of 1933 structures to Investment Company Act of 1940 frameworks, citing more flexible investment strategies and stronger investor protections as reasons for the shift.

The decision follows a significant slowdown in US crypto ETF demand in 2026. According to Bloomberg ETF analyst James Seyffart, spot Bitcoin ETF net inflows stand at roughly $790 million this year, a sharp decline from approximately $25 billion in 2025. Intensifying competition in the sector, including Morgan Stanley's recently launched Bitcoin Trust ETF at a 0.14% management fee, also pressured the market.