Canary Capital Group has submitted to the US Securities and Exchange Commission (SEK) To launch a spot exchange traded fund (ETF) That would keep Trump -coin (Trump)A Solana-based token attached to President Donald Trump.
The proposed “Canary Trump Coin Etf”, which was submitted in an S-1-archiving on Tuesday, marks a bold move to bring one of the most prominent and unstable political theme Meme coins to Wall Street. Another filing, called 19B-4 and submitted by Listing Exchange, is necessary to make the application official.
If approved, the fund would offer investors exposing Trump through traditional brokerage accounts, without demanding that they self -insure the digital asset.
The move of Brentwood, Tennessee-based Canary Capital comes in the midst of a changing crypto-regulation landscape under the Trump administration. Recently, after success with Spot Bitcoin, Ether and Solana ETFs, many other such vehicles have been suggested, including Dogecoin Chainlink And Cardano .
‘Extreme volatility’
The archiver sincerely describes Memcoin as a class of cryptocurrency, which “has no identified blockchain-based tools beyond its branding and association with President Donald J. Trump, and its market value is primarily driven by political affiliation, cultural relevance and online social mood.”
It also notes that since the launch of January 2025, the token value has been directly linked to President Trump, making it “both a political statement and a digital collector’s item.”
Trump Memecoin, which briefly raised $ 27 billion in reported market value shortly after launch, is currently shopping around $ 1.67 billion. The archiving warns of extreme volatility, potential regulatory control and the possibility of investors losing their entire principal.
However, if it is approved, SEC’s decision on Canary Trump Coin Etf, however, will be a landmark that potentially sets a precedent for how the agency looks at ETFs bound to very speculative, politically bound and community -driven digital assets.
Read more: Canary Capital’s ETF plans took shape thanks to Trump
