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

coindesk
2026.05.20 16:45
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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.