Canary Capital Group LLC has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission proposing the Canary Trump Coin ETF, a spot exchange-traded fund that would track the price of the Solana-based $TRUMP memecoin linked to President Donald Trump. The vehicle is designed to let investors gain exposure to the token through a traditional brokerage account rather than holding the cryptocurrency directly. The submission, dated 26 August, adds to a growing roster of crypto-linked ETF applications the SEC is reviewing in a more accommodating regulatory climate. Similar products tied to $TRUMP have already been proposed by Tuttle Capital as well as a partnership between Osprey Funds and Rex Shares. The filing follows the agency’s February guidance that memecoins are not securities, a position that has encouraged asset managers to expand offerings in the increasingly popular segment of Solana-based tokens.
Canary Capital seeks US SEC approval for Trump memecoin ETF https://t.co/ZEW9kef1zw
Add $TRUMP to the list of ETFs that Canary has filed for https://t.co/PpJKBb1Bvd https://t.co/B9MRF1fEMT
BREAKING: 🇺🇸🪙 Canary Capital Group LLC files for Canary TRUMP Coin ETF, an exchange-traded product tracking $TRUMP Coin. https://t.co/HRGCPQN7li