"The King of Sweden has reduced the number of family members who will continue to receive taxpayer funds, stripping five of his grandchildren of their royal highness status, according to an official statement"

CNN:

The parents of the five . . . welcomed the change on social media.

...

In an Instagram post on Monday, Princess Madeleine -- the youngest of King Gustaf's three children -- said the change had been "planned for a long time," adding that it gives their children a "greater opportunity to shape their own lives as private individuals."