Truth Social withdraws applications for three crypto ETFs
According to Odaily, Yorkville America, the asset management company behind Trump's Truth Social, has announced the withdrawal of its previous three crypto ETF applications submitted to the SEC, involving the Truth Social Bitcoin ETF, Bitcoin and Ethereum ETF, and Crypto Blue Chip Stocks ETF.
The company stated that it will shift from the Securities Act of 1933 framework to the Investment Company Act of 1940 framework to offer more innovative products and enjoy stronger investor protection and tax advantages, but it did not specify whether it would continue to advance crypto ETFs under the new framework. (cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fixed income stalls and stocks take the crown! Wall Street’s big banks report an epic “song of ice and fire” season, marking the darkest hour for a generation of bond traders
As Wall Street's fixed income division came under pressure in the third quarter, its equities division competitors seized this rare opportunity, overshadowing their peers in the fixed income sector.
Rio Tinto on track to release $5 billion in capital after Q3 iron ore sales top estimates
Glencore shares to start trading in Australia as miner hopes to boost valuation
How will the market perform during the remainder of 2026?
Crypto prices
More
