Trump-linked firm immediately withdraws Bitcoin ETF application

Trump Media’s withdrawal of its Bitcoin ETF application isn't the "strategic" win for investor protection they’re claiming. While they cite the '40 Act’s superior safeguards, those rules aren't new. The reality is likely far more blunt: they can't compete with Wall Street giants like BlackRock and Morgan Stanley, who already control $100 billion in the space. Is this a pivot for "America First" investors, or just a tactical retreat from a fight they can't win? What's your take?
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