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Truth Social Pulls Back Bitcoin ETF Plan Amid Fee War
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Truth Social has withdrawn its application for a spot Bitcoin ETF, according to Bloomberg ETF analyst James Seyffart. The move comes as competition in the Bitcoin ETF market heats up, with newer products like Morgan Stanley’s low-fee MSBT putting pressure on entrants. The decision matters because it shows how difficult the crowded ETF space has become, even for high-profile brands. Seyffart believes Truth Social could now shift focus toward a different type of crypto fund structure that offers more flexibility and easier management.
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