- Canary Capital registered a Delaware entity for a Trump coin ETF, and this move suggests formal SEC filings will follow soon.
- Trump coin gained 4% daily and over 10% weekly after the ETF news, but remains down 64% from its January peak of $75.
- The ETF would bring institutional money to meme coins and join existing Dogecoin ETF applications from major firms.
Canary Capital has registered a new entity signaling plans to launch an exchange-traded fund focused on the Trump coin, marking another milestone in the growing institutional adoption of meme cryptocurrencies. The asset management firm incorporated “Canary Trump Coin ETF” in Delaware on August 13, 2025.
The Delaware registration represents a standard preliminary step before formal SEC filings. Investment firms typically establish Delaware entities before submitting S-1 and 19b-4 forms with securities regulators. This structure allows Canary Capital to proceed with official ETF applications while positioning the fund for eventual market listing.
Growing Meme Coin ETF Interest
The Trump coin ETF filing joins an expanding list of meme cryptocurrency funds seeking regulatory approval. Grayscale, Bitwise, and 21Shares have previously submitted applications for Dogecoin ETFs. Canary Capital also maintains a pending application for a PENGU-focused fund.
This trend reflects increasing institutional interest in meme coins as legitimate investment vehicles. Traditional asset managers now view these digital assets as worthy of formal fund structures, despite their origins as internet-driven phenomena.
The SEC’s previous classification of meme coins as commodities rather than securities creates a favorable regulatory environment for ETF approvals. This designation removes significant compliance hurdles that have historically complicated cryptocurrency fund launches.
Market Response and Price Movement
Trump coin reacted positively to news of the ETF registration. The Solana-based token recovered from approximately $9.40 following the announcement. Current trading shows the asset at around $9.60, representing a nearly 4% daily gain.
Weekly performance demonstrates stronger momentum, with Trump coin posting over 10% gains during the past seven days. These increases align with broader cryptocurrency market strength across multiple sectors.
However, the token remains significantly below its peak valuation. The Trump coin reached an all-time high of $75 during its January 2025 launch period. Current prices represent a decline of more than 64% from that maximum.
An approved ETF would inject additional liquidity into Trump coin’s ecosystem through institutional participation. Professional investors typically bring larger capital commitments and longer-term holding strategies than retail traders.
The institutional infrastructure surrounding meme coins continues evolving as traditional finance embraces digital assets. ETF structures provide regulated exposure while maintaining the underlying tokens’ decentralized characteristics.
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