Why Trump’s bitcoin ETF plans likely collapsed before even getting off the ground

May 21, 2026 - 02:45
Why Trump’s bitcoin ETF plans likely collapsed before even getting off the ground
Trump Media & Technology Group likely abandoned plans for its bitcoin BTC$77,770.10 exchange-traded fund (ETF) because the economics no longer worked. ETF analysts say the company behind Truth Social faced a brutal reality: the spot bitcoin ETF market has become crowded, fees have collapsed and investors already have more than a dozen similar products to...

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