<ul>
<li>特朗普媒體科技集團取消了其 Truth Social 比特幣及比特幣和以太坊 ETF 的計劃，此前本週撤回了 SEC 註冊聲明。</li>
<li>ETF 分析師表示，這一決定更多是由於市場競爭激烈、費用下降以及特朗普媒體現有基金需求疲軟，而非結構性問題。</li>
<li>由於摩根士丹利等大型公司提供的現貨比特幣 ETF 費用低至 14 個基點，分析師認為，Truth Social 比特幣 ETF 將難以吸引資金，除非其提供明顯差異化的策略。</li>
</ul>

特朗普媒體科技集團

GBTC

DJTWW

BITO

BTCW

HODL

BITB

ARKB

IBIT

FBTC

<p>特朗普媒體科技集團已放棄其 Truth Social 比特幣及比特幣和以太坊 ETF 的計劃，原因是撤回了 SEC 註冊聲明。分析師將這一決定歸因於飽和的現貨比特幣 ETF 市場、費用下降以及對現有基金的需求疲軟，並指出在沒有獨特策略的情況下，吸引資產將面臨挑戰</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>特朗普媒體科技集團取消了其 Truth Social 比特幣及比特幣和以太坊 ETF 的計劃，此前本週撤回了 SEC 註冊聲明。</li>
<li>ETF 分析師表示，這一決定更多是由於市場競爭激烈、費用下降以及特朗普媒體現有基金需求疲軟，而非結構性問題。</li>
<li>由於摩根士丹利等大型公司提供的現貨比特幣 ETF 費用低至 14 個基點，分析師認為，Truth Social 比特幣 ETF 將難以吸引資金，除非其提供明顯差異化的策略。</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

為什麼特朗普的比特幣 ETF 計劃可能在尚未啓動時就已經失敗