Trump Media withdrew its bitcoin ETF filing as analysts pointed to fee pressure, weak demand and fierce competition in the crowded spot bitcoin ETF market. Trump Media & Technology Group scrapped plans for its Truth Social bitcoin and bitcoin-and-ether ETFs after withdrawing SEC registration statements this week. ETF analysts say the decision was driven less by structural concerns and more by a crowded spot bitcoin ETF market, collapsing fees and weak demand for Trump Media’s existing funds. Wi…
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