Canary Capital Group filed with the US Securities and Exchange Commission (Sec) To launch a funds exchanged by the exchange (ETF) That will hold on to Trump’s coin (Trump)a Solana-based token linked to President Donald Trump.
The suggested “Canary Trump Coin ETF,” submitted to a S-1 filing On Tuesday, a brave move was marked to bring one of the well-known and volatile themed meme coin on Wall Street. The second filing, called 19B-4 and filed by the exchange exchange, is required to officially the application.
If approved, the fund will offer the exposure of Trump investors through traditional broker accounts, without asking them to trust themselves in digital assets.
Brentwood’s move, Tennessee -based Canary Capital is in the middle of a transfer of the crypto regulatory landscape under the Trump administration. Recently, following the success of spot bitcoin, Ether and Solana ETF, many other said vehicles have been proposed, including Dogecoin Chainlink and Cardano .
‘Intense volatility’
The filing described Memcoin as a class of cryptocurrency that “no blockchain-based utility-based utility is beyond its branding and association with President Donald J. Trump, and its market value is primarily encouraged by political affiliation, cultural and community relations.”
It has also been noted that since it was launched in January 2025, the value of the token has been directly related to President Trump, making it a “same political statement and the digital collector.”
Trump’s Memecoin, who briefly exceeds $ 27 billion in the reported market value shortly after the launch, is currently trading around $ 1.67 billion. The filing of severe volatility, potential regulatory investigation, and the possibility of investors are losing their entire principal.
However, if approved, the SEC’s decision on Canary Trump Coin ETF will be a landmark, which potentially sets a precedent for how the agency views ETFs tied to quite speculation, political linked, and community-driven digital.
Read more: Canary Capital’s ETF plans have been thanks to Trump
