Canary Capital Seeks SEC Approval for Trump-Themed Memecoin ETF
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Canary Capital Group LLC has submitted a registration statement to the U.S. Securities and Exchange Commission for the proposed “Canary Trump Coin ETF.”
The fund is designed to track the price of the $TRUMP memecoin, providing investors with regulated exposure without the complexities of direct digital asset ownership.
The filing emerges amidst a wave of similar proposals for memecoin-based ETFs and follows the launch of official Trump-themed tokens by the former president and First Lady in January.
This trend is occurring within a more accommodating regulatory environment for crypto ETFs, which has recently expanded to include products with staking components following SEC guidance on proof-of-stake networks.
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