According to SEC filings submitted on Monday, Truth Social, the social media platform run by Trump Media & Technology Group, has filed to withdraw its Form S-1 registration statement for the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF, originally filed in June 2025.
Yorkville America, the sponsor and investment advisor for the funds, stated the withdrawal aims to pursue a more compelling ETF strategy under the Investment Company Act of 1940 framework, which offers enhanced investor protections and tax efficiency compared to the Securities Act of 1933 structure previously used.