Wu Blockchain (@WuBlockchain): Trump-Linked Truth Social Withdraws Spot Bitcoin ETF Filing
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Trump-Linked Truth Social Withdraws Spot Bitcoin ETF Filing Bloomberg ETF analyst James Seyffart noted that Truth Social has withdrawn its spot Bitcoin ETF filing. He suggested the decision may reflect intensifying competition in spot Bitcoin ETFs, especially after Morgan Stanley’s MSBT entered with a 14-basis-point fee. Seyffart added that Truth Social may instead pivot toward a more flexible crypto ETF structure under the Investment Company Act of 1940. https://x.com/JSeyff/status/2056838478038540611?s=20