Yorkville America Equities has filed the registration documents for Truth Social crypto ETFs with the Securities and Exchange Commission (SEC) on May 19.
The sponsor said it will refer product development to the Investment Company Act of 1940 as it seeks to implement the ETF’s incentive measures.
Yorkville America Removes Real Social Crypto ETFs
Dismissed subscriptions affected Truly Social Bitcoin ETFTruth Social Bitcoin & Ethereum ETFis a True Social Crypto Blue Chip ETF. ETFs were held in mid-June and July 2025.
“The Company has decided to withdraw the Registration Statement and that it does not comply with the public offering at this time. The Registration Statement has not been declared valid by the Commission, and the Company confirms that no securities have been sold in accordance with the Registration Statement,” the filing reads.
Follow us on X to hear the latest news as it happens
Meanwhile, all three dismissals were filed under Rule 477(a). Yorkville also invoked Rule 457(p) to request that filing fees be paid for future filings.
Yorkville framed the comeback as a change in management strategy rather than a comeback. In addition, the company said the 1940 Act provides stronger protections for investors, greater operational flexibility, and greater access to corporate governance.
“Yorkville America is not going backwards – we are moving forward with a strong platform,” Steve Neamtz, President, Yorkville America, he said.
Bloomberg Intelligence chief analyst James Seyffart questioned Yorkville’s rationale in writing on X.
“But it doesn’t make a ton of sense to me. Yes, 33 to do an ETP is different from 40 to do an ETF and they have less protection. Everyone in the space knows that. Nothing has changed,” he said.
Seyffart also commented on the competition rather than directing if he was the driver. He pointed out the position of the Morgan Stanley Bitcoin ETF, MSBT, which entered the market for a 14-basision-point price.
“They seem to be planning to implement more crypto-related ETFs in a 40 act wrapper that makes sense. I mean do we really need a place for 14 bitcoin ETFs? But something that can be distinguished is reasonable,” he added. he added.
Yorkville did not release a timeline for relaunching its crypto assets under the new policy. So, for now, Trump Media Bitcoin and Ethereum ETF the wishes are still there waiting for that pivot.
Subscribe to our YouTube channel a way to watch leaders and journalists deliver professional information
A note Truth Social’s 3 Crypto ETF Listings Removed from SEC Review appeared for the first time BeInCrypto.
