---
title: "Why Trump's bitcoin ETF plans likely collapsed before getting off the ground"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287097424.md"
description: "Trump Media & Technology Group has abandoned its plans for Truth Social bitcoin and bitcoin-and-ether ETFs after withdrawing SEC registration statements. Analysts attribute this decision to a saturated spot bitcoin ETF market, declining fees, and weak demand for existing funds, noting that without a unique strategy, attracting assets would be challenging."
datetime: "2026-05-20T16:45:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287097424.md)
  - [en](https://longbridge.com/en/news/287097424.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287097424.md)
---

# Why Trump's bitcoin ETF plans likely collapsed before getting off the ground

-   Trump Media & Technology Group scrapped plans for its Truth Social bitcoin and bitcoin-and-ether ETFs after withdrawing SEC registration statements this week.
-   ETF analysts say the decision was driven less by structural concerns and more by a crowded spot bitcoin ETF market, collapsing fees and weak demand for Trump Media’s existing funds.
-   With major firms like Morgan Stanley offering spot bitcoin ETFs at fees as low as 14 basis points, analysts argued a Truth Social bitcoin ETF would struggle to attract assets unless it offered a clearly differentiated strategy.

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