Truth Social Bitcoin ETF withdrew its SEC registration statement, saying it won’t pursue a public offering at this time.
Truth Social, the social media platform linked to U.S. President Donald Trump, has withdrawn its filing with the U.S. Securities and Exchange Commission (SEC) for a proposed Bitcoin ETF that would have carried the Truth Social name, with Yorkville America Digital listed as the fund’s sponsor.
In a May 19 filing, the company asked the SEC to immediately withdraw its Form S-1 registration statement, which was first filed on June 5 last year. As the company explained in the filing, it has decided “not to pursue the public offering at this time.”
The ETF registration statement wasn’t declared effective by the SEC, and according to the company, no securities were sold pursuant to the registration statement.
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No Truth Social Bitcoin ETF For Now
The filing doesn’t explain why the company decided to stop pursuing the offering. It only says the withdrawal is “consistent with the public interest and the protection of investors” under SEC Rule 477(a).
Trump Media, the company behind Truth Social, said in June 2025 that the proposed Truth Social Bitcoin ETF would hold BTC▲$63,913.00 directly and track Bitcoin price, so investors could get exposure through a listed fund.
Crypto.com, a Singapore-headquartered crypto exchange, was named as the fund’s exclusive Bitcoin custodian and liquidity provider.
The filing also came at a time when Trump Media was venturing into financial products through its fintech brand Truth.Fi. In early 2025, the company had moved towards crypto by announcing its plan for Bitcoin treasury that would be supported by a $2.5 billion fundraise, while other filings included the listing of Bitcoin, Ethereum, and other theme ETFs.
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