- Yorkville America has withdrawn crypto fund applications submitted by Truth Social.
- In 2026, the demand for crypto-ETF declined amid a general decline in the cryptocurrency market.
Yorkville America has withdrawn several applications to launch cryptocurrency exchanges. ETF, filed on behalf of Truth Social. The list included Truth Social Bitcoin ETF, Truth Social Bitcoin & Ethereum ETF, as well as Truth Social Crypto Blue Chip ETF.
The company explained the decision as a change in strategy. Yorkville America is abandoning product registration under the Securities Act of 1933 and switching to structures under the Investment Company Act of 1940. According to manager, this will provide more flexibility, allow for more innovative products, provide better investor protection and improve tax efficiency.
The company began this process after concluding that the 40 Act provides a framework for implementing differentiated, rules-based investment strategies that the company continues to develop for its growing investor base, the statement said.
Yorkville America is a key financier and asset manager for Trump Media & Technology Group. Previously, these ETF were seen as an important part of Donald Trump’s company’s crypto strategy, including the launch of his own financial platform, Truth.fi.
The withdrawal of the applications came as a surprise to the market, as the project had been actively promoted for several months. The decision was made amid a noticeable cooling in investor interest in cryptocurrencies. ETF in 2026 year.
Earlier, the editorial staff of Happy Coin Club wrote that Goldman Sachs bank out from funds on XRP и Solana as part of portfolio rebalancing. Inflows into spot bitcoin ETF have declined significantly compared to the 2025 peak, and Ethereum-ETF continue to show net capital outflow.
Experts note that the company may return to the idea ETF later in an updated format. And by According to Bloomberg analytics ETF James Seyffarth, Yorkville America’s decision to exit the cryptocurrency market ETF could be associated with high competition among Bitcoin-funds, especially with emergence of new Morgan Stanley Bitcoin Trust ETF with the lowest commission on the market at 0,14%.
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