<ul>
<li>特朗普媒体科技集团取消了其 Truth Social 比特币及比特币和以太坊 ETF 的计划，此前本周撤回了 SEC 注册声明。</li>
<li>ETF 分析师表示，这一决定更多是由于市场竞争激烈、费用下降以及特朗普媒体现有基金需求疲软，而非结构性问题。</li>
<li>由于摩根士丹利等大型公司提供的现货比特币 ETF 费用低至 14 个基点，分析师认为，Truth Social 比特币 ETF 将难以吸引资金，除非其提供明显差异化的策略。</li>
</ul>

特朗普媒体科技集团

GBTC

DJTWW

BITO

BTCW

HODL

BITB

ARKB

IBIT

FBTC

<p>特朗普媒体科技集团已放弃其 Truth Social 比特币及比特币和以太坊 ETF 的计划，原因是撤回了 SEC 注册声明。分析师将这一决定归因于饱和的现货比特币 ETF 市场、费用下降以及对现有基金的需求疲软，并指出在没有独特策略的情况下，吸引资产将面临挑战</p>

<ul>
<li>Trump Media &amp; Technology Group scrapped plans for its Truth Social bitcoin and bitcoin-and-ether ETFs after withdrawing SEC registration statements this week.</li>
<li>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.</li>
<li>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.</li>
</ul>
<div class="lb-trans"><ul>
<li>特朗普媒体科技集团取消了其 Truth Social 比特币及比特币和以太坊 ETF 的计划，此前本周撤回了 SEC 注册声明。</li>
<li>ETF 分析师表示，这一决定更多是由于市场竞争激烈、费用下降以及特朗普媒体现有基金需求疲软，而非结构性问题。</li>
<li>由于摩根士丹利等大型公司提供的现货比特币 ETF 费用低至 14 个基点，分析师认为，Truth Social 比特币 ETF 将难以吸引资金，除非其提供明显差异化的策略。</li>
</ul>
</div>

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

coindesk

Grayscale Bitcoin Trust BTC - ETF

Trump Media & Tech - CW28

ProShares Bitcoin Strategy ETF

WisdomTree Bitcoin Fund

VanEck Bitcoin ETF

Bitwise Bitcoin ETF

ARK 21Shares Bitcoin ETF

iShares Bitcoin Trust ETF

Fidelity Wise Origin Bitcoin Fund - ETF

摩根士丹利

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

为什么特朗普的比特币 ETF 计划可能在尚未启动时就已经失败