Trump Media Withdraws Three Crypto ETF Registrations Amid Market Turmoil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Source: stocktwits
- Withdrawal Context: Trump Media & Technology Group withdrew three cryptocurrency ETF registration statements on Tuesday, initially filed in 2025 with the SEC, indicating a cautious approach amid ongoing market turmoil.
- Market Outflows: According to Sosovalue data, U.S. Bitcoin ETFs experienced net outflows of approximately $331 million on Tuesday, reflecting declining investor confidence in the crypto market, which could impact the financing capabilities of related firms.
- CLARITY Act Implications: With the advancement of the CLARITY Act, which prohibits senior public officials and their families from issuing or endorsing digital assets during their tenure, new legal barriers may arise for the Trump family's cryptocurrency investments, increasing future investment uncertainty.
- Market Sentiment Analysis: Although DJT stock rose over 0.2% in pre-market trading, retail investor sentiment remains in the 'neutral' zone, indicating a cautious outlook on Trump Media's future developments, which may affect its long-term stock performance.
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Analyst Views on DJT
About DJT
Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its products and services include Truth Social and Truth+. TMTG operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a data center. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack. The Company is also focused on launching Truth.Fi, a financial service and FinTech brand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Case Impact Analysis: This request could delay the proceedings, affecting Trump's defense regarding election integrity in Georgia, and further exacerbate political divisions and public skepticism about judicial impartiality.
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- Political Controversy: Critics have labeled the fund a “slush fund” for Trump allies, including individuals involved in the January 6, 2021, Capitol riot, reflecting the deep divisions and controversies surrounding the DOJ's actions in the current political climate.
See More
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- Corporate Support and Matching Contributions: Major corporations, including SoFi and Intel, have announced plans to match federal contributions for employees' children, which is expected to further promote investment among young people and enhance financial security for families.
- Investment Potential and Long-Term Returns: The Trump Accounts provide a $1,000 federal contribution for children born between 2025 and 2028, with estimates suggesting this could grow to $5,800 by age 18 and nearly $200,000 by age 55, highlighting the immense potential of early investments.
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- Slow Negotiation Progress: Although Trump mentioned that both sides have “largely negotiated” a memorandum of understanding, significant disagreements remain, particularly regarding Iran's nuclear program, sanctions relief, and access to frozen oil revenues, illustrating the fragility and complexity of any potential agreement.
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- Suspect Background: Best had previously attracted law enforcement attention for attempting to enter another White House checkpoint without authorization in July 2025, where he allegedly claimed to be Jesus Christ and expressed a desire to be arrested, indicating potential mental health issues.
- On-Site Response: Following the shooting, the area around the White House was quickly locked down, with a heavy law enforcement presence drawing significant media attention; witnesses reported hearing multiple gunshots, and journalists were instructed to shelter in the press briefing room, underscoring the severity of the incident.
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