Trump-backed Truth Social pulls bids for crypto ETFs
CoinTelegraph·
60-second summary
Truth Social, backed by Donald Trump, is withdrawing bids for crypto exchange-traded funds (ETFs), a move that marks a shift in its crypto strategy. The ETFs were initially part of a broader plan to launch the Truth.fi financial platform, a key component of Trump Media & Technology Group's crypto ambitions.
The crypto ETFs were intended to be part of Trump Media & Technology Group’s broader crypto strategy, which included the launch of the Truth.fi financial platform.