Truth Social has withdrawn its application for a spot Bitcoin ETF, according to Bloomberg ETF analyst James Seyffart.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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Story Highlights The Live Price of Bancor Network BNT could attempt a recovery toward $0.4530…
The Hang Seng Index rose 2.36% to 25,143, gaining nearly 600 points to reclaim the…
Story Highlights The live price of the MANA crypto token is . Price predictions for…
Linqto has received U.S. Bankruptcy Court approval to sell approximately $130 million worth of private…
An early Bitcoin holder sold the remaining 1,000 BTC worth about $65.56 million, completing the…
Uniswap's price recovery is beginning to look more than just another relief rally. The token…
