Truth Social just pulled its crypto ETF bids. Yorkville is calling it a regulatory pivot, not a retreat.
Three Truth Social crypto ETF registrations are gone. Whether the pivot is real depends on what Yorkville files next.
CryptoVibe Desk · etf · truth-social · regulation
- →Yorkville America withdrew Securities Act of 1933 registration statements for Truth Social-branded crypto ETFs, with secondary reports citing three pulled bids.
- →Yorkville frames the move as a shift to '40 Act products, but the planned funds, including one with 70% Bitcoin exposure, are gone for now.
- →Watch for any new '40 Act crypto fund filing from Yorkville within 90 days. Nothing filed by then means this was a retreat, not a pivot.
- Securities Act of 1933 ('33 Act) → The US law that requires companies to register new securities with the SEC before selling them to the public.
- Investment Company Act of 1940 ('40 Act) → The US law that governs how investment funds, including most ETFs and mutual funds, must be structured and regulated.
Yorkville America just pulled its Truth Social crypto ETF registrations. Three bids gone, per Crypto.news and Cointelegraph.
Yorkville isn't calling it a loss. The company's press release says it's shifting product development to the Investment Company Act of 1940. That's the framework governing most standard US ETFs. The five existing Truth Social Funds stay listed on the NYSE.
The proposed Truth Social Crypto Blue Chip ETF had 70% Bitcoin, 15% Ether, 8% Solana, 5% Cronos, and 2% XRP, per the SEC filing. That allocation is gone for now.
'40 Act funds are more tightly regulated and take longer to launch. Yorkville's press release doesn't name a timeline for what comes next under the new framework.
If you were watching Truth Social's ETF push as a read on Trump-adjacent crypto products with regulators, this is your data point. Three registrations out. One pivot press release. No date on what files next.
Yorkville's pivot claim has 90 days to become a product. No new '40 Act registration filed by then, and three pulled registrations is a retreat with a well-worded press release.
A new '40 Act crypto fund registration from Yorkville America within 90 days of today. Nothing filed by then confirms this was a retreat, not a pivot.
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