The Canary Capital has registered a crypto exchange-traded fund (ETF) designed to track a memecoin token linked to US President Donald Trump.
According to On the Delaware State Department’s website, the Canary Capital filed Wednesday for Canary Trump Coin ETF. Registration suggests the launch of a Crypto ETF monitoring the official Trump (Trump) token, even a formal filing with the Securities and Exchange Commission (SEC) can still be moon.
According to cointelegraph indexes, Trump has a market capitalization of $ 1.9 billion, ranked at 49th in all cryptocurrencies in this writing. Among the Memecoins, the token is listed as the fifth largest by the market cap, although the list does not include the original Memecoin, Dogecoin (Doge).
Following Canary Capital Registration Files from Osprey funds managers and rex shares With the SEC looking for permission to create an ETF to track Trump’s memecoin. That filing was submitted on January 21, days after the token was launched.
The founder of Zekret and Chief Technology Officer of Fidium, Dmitrij Radin, told Cointelegraph in January that the approval of memecoin-based ETFs was More likely under current administration sec-friendly sec.
Related: Crypto captures half of the top 20 spots on ETFs launched since 2024
Dogecoin led the way for memecoin etf
Dogecoin, a cryptocurrency created as a joke in 2013, has the most traction of all memecoins in the kingdom of funds exchanged by the exchange. Currently, there are at least three doge ETFs pending SEC analysis: one from Grayscaleanother from Bitwise and a third from Rex-OSPREY.
On June 26th, Bitwise has somewhat change I -Convert sharing an ETF In the underlying possession of the cash first. This feature reduces the tax burden, making the ETF more appealing to institutional investors.
Apart from Dogecoin ETFS, there is a bonk (Bonk) ETF filing is back in January. Memecoins have died more as an craving since the spring of 2025, when a rug series took risks to tokens in investors.
According to In coingecko data, the Memecoin sector has a market capitalization of more than $ 82 billion in this writing.
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