Bearish for Bitcoin
Trump Media Bitcoin ETF Collapse
Stable
Steady attention in Bitcoin coverage, without a clear trend.
Updated 14 October 2026
The bearish argument: The launch of a new Bitcoin and Ethereum ETF by Trump Media may face significant challenges in a competitive market.
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The argument and its evidence
Several outlets can carry the same argument; no single article is its origin. Read each one in its own context.
Recent coverage
Earlier coverage
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Bitcoin Magazine · Published 22 May 2026
Trump Media (DJT) Moves To Sell Bitcoin As Losses Reach $455 Million
In coverage record: 23 May 2026
“The Bitcoin strategy has coincided with a dramatic deterioration in Trump Media’s financials. In its first-quarter 2026 earnings report, the company posted a net loss of $405.9 million on just $871,200 in revenue — a staggering widening from a $31.7 million loss during the same period a year earlier.”
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Decrypt · Published 20 May 2026
Trump's Truth Social Pulls Bitcoin ETF Application From SEC Review
In coverage record: 21 May 2026
“Bloomberg Research Analyst James Seyffart offered a different interpretation in a tweet, pointing to a 'more competitive landscape' for spot Bitcoin ETFs following the launch of Morgan Stanley’s MSBT in April.”
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CoinDesk · Published 20 May 2026
Why Trump's bitcoin ETF plans likely collapsed before even getting off the ground
In coverage record: 21 May 2026
“The fee pressure has intensified in recent months as major Wall Street firms expanded into crypto products. Morgan Stanley recently launched a bitcoin ETF charging 14 basis points, one of the cheapest offerings in the market.”
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Reuters · Published 14 Apr 2026
Goldman Sachs files for its first bitcoin ETF product
In coverage record: 14 Apr 2026
“"The addition of (options) income to the product can be nice, but this could be a hard sell, given the volatility and the fact that the product will still leave investors with downside exposure," said Bryan Armour, ETF analyst at Morningstar, referring to the Goldman product.”
Read article -
MarketScreener · Published 14 Apr 2026
Goldman Sachs files for its first bitcoin ETF product
In coverage record: 14 Apr 2026
“"The addition of (options) income to the product can be nice, but this could be a hard sell, given the volatility and the fact that the product will still leave investors with downside exposure," said Bryan Armour, ETF analyst at Morningstar, referring to the Goldman product.”
Read article