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trump media withdraws bitcoin etf filing scraps bitcoin and bitcoin ether funds thumbnail

Trump Media Withdraws Bitcoin ETF Filing, Scraps Bitcoin and Bitcoin-Ether Funds

Trump Media has withdrawn its Bitcoin ETF filing with the Securities and Exchange Commission, scrapping plans for both a Bitcoin-only fund and a combined Bitcoin-Ether product before either reached the market.

What Trump Media Withdrew and Which Funds Were Scrapped

The company filed a withdrawal request with the SEC, effectively ending the registration process for its planned crypto ETF offerings. The move kills two distinct fund concepts that had been in the pipeline.

The first was a Bitcoin-only ETF, which would have given investors exposure solely to BTC through a traditional fund wrapper. The second was a Bitcoin-Ether fund, combining the two largest cryptocurrencies by market capitalization into a single product.

Both products were tied to filings made under CIK 0002071486 in the SEC’s EDGAR system. The withdrawal means neither fund will proceed under the current filing.

A Filing Withdrawal, Not a Fund Closure

It is important to distinguish what happened here. Trump Media withdrew a registration filing. No fund was launched, no investor capital was at risk, and no shares were ever traded. The products existed only on paper as regulatory applications.

Why the Withdrawal Matters for Crypto ETF Watchers

The withdrawal removes one set of planned crypto fund products from the pipeline, though it does not affect the broader ETF landscape. Multiple issuers continue to operate or pursue Bitcoin and Ether ETFs independently of Trump Media’s plans.

Bitcoin-Only vs. Bitcoin-Ether: Two Different Strategies

A Bitcoin-only ETF offers pure BTC exposure, appealing to investors who view Bitcoin as a distinct asset class. A Bitcoin-Ether fund would have blended exposure across two networks with different use cases, combining Bitcoin’s store-of-value narrative with Ethereum’s smart-contract ecosystem.

The scrapping of both products simultaneously suggests the decision was driven by factors beyond asset selection. Whether the withdrawal relates to regulatory feedback, business strategy, or other considerations surrounding corporate treasury approaches to Bitcoin remains unclear.

One Issuer, Not the Whole Market

This development is specific to Trump Media’s ETF ambitions. The existing spot Bitcoin ETFs from other issuers remain operational, and the evolving regulatory environment for digital assets continues to develop at both federal and state levels.

What to Watch Next After the Filing Withdrawal

Key Unknowns

The filing withdrawal leaves several questions unanswered. Trump Media has not publicly disclosed the reason for pulling the application. There is no indication whether a revised or amended filing will follow, or whether the company has abandoned its crypto ETF plans entirely.

Timeline and Next Steps

Investors and industry observers should watch for any new SEC filings from Trump Media under its existing CIK number, which would signal a renewed attempt. Any future regulatory developments or policy shifts could also influence whether the company revisits these plans.

The Bottom Line

The withdrawal resets expectations for Trump Media’s crypto fund ambitions to zero. Until a new filing appears, these Bitcoin-only and Bitcoin-Ether products are off the table.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.