Bitcoin ETF · Donald Trump · Bloomberg · Bitcoin · Bitcoinist
Trump Media’s Truth Social Withdraws Bitcoin ETF Filing
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Trump Media-linked Truth Social Bitcoin ETF, B.T. has asked the US Securities and Exchange Commission to withdraw its spot Bitcoin ETF registration, ending, at least for now, one of the more politically visible attempts to enter the already crowded US Bitcoin fund market.
Key facts
- The filing closes a nearly year-long regulatory process that began shortly after NYSE Arca submitted a Form 19b-4 to list the Truth Social Bitcoin ETF on June 3, 2025
- The trust was not registered under the Investment Company Act of 1940 and was structured as a Securities Act of 1933 product, the same broad framework used by spot Bitcoin ETPs rather
- The withdrawal request, dated May 19, 2026, was addressed to the SEC’s Division of Corporation Finance and its Office of Crypto Assets
- In the filing, the company requested “the immediate withdrawal” of its Form S-1 registration statement, which had originally been filed on June 5, 2025, under File No. 333-287789
Summary
The withdrawal request, dated May 19, 2026, was addressed to the SEC’s Division of Corporation Finance and its Office of Crypto Assets. “The Company has determined to withdraw the Registration Statement and not to pursue the public offering now,” the filing stated. The filing closes a nearly year-long regulatory process that began shortly after NYSE Arca submitted a Form 19b-4 to list the Truth Social Bitcoin ETF on June 3, 2025. The ETF’s S-1 described Truth Social Bitcoin ETF, B.T. as a Nevada business trust whose assets would consist primarily of Bitcoin held by a custodian.