In keeping with experiences, Canary Capital has taken a proper step towards an ETF tied to the TRUMP memecoin by registering an entity known as the “Canary Trump Coin ETF” with the Delaware Division of Firms on August 13.
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That registration is an early, procedural transfer and doesn’t imply the fund has been filed with or authorized by the US Securities and Change Fee.
Markets reacted rapidly; TRUMP rebounded from about $9.35 to $9.55 after the information, marking simply over 10% good points for the week at press time.
Regulatory Route And Competing Filings
Based mostly on experiences, the registration provides to a rising record of institutional bids to bundle memecoins. Firms reminiscent of Grayscale, Bitwise, and 21Shares have already pursued funds linked to Dogecoin, whereas Osprey Funds and REX Shares filed for TRUMP-related merchandise earlier within the yr on January 21.
Bloomberg’s Eric Balchunas has urged Canary could also be positioning for a submitting below the 33 Act, which might differ from different groups which have used the 40 Act. That alternative might change the type of filings and the timeline for assessment.
Appears to be like Canary is prepping to poss file for first Trump Coin ETF by way of the ’33 Act. They registered the identify an entity as statutory belief (33 act). Tuttle has Trump (and Melania) coin ETFs filed however by way of ’40 Act.. h/t supply: @Cointelegraph pic.twitter.com/crz2ZApHkE
— Eric Balchunas (@EricBalchunas) August 13, 2025
What Registration Means And Why It Issues
An entity registration in Delaware is a typical authorized step earlier than formal SEC submissions like S-1s or 19b-4s. It alerts intent and lets market members spot plans early.
It doesn’t imply the SEC has weighed in, and approval would nonetheless hinge on custody, market surveillance, and different protections regulators demand.
The submitting has given TRUMP token holders purpose for optimism as a result of a regulated car might convey new liquidity, however it could not change the token’s fundamentals.
Momentum And Market Strikes
Reviews have disclosed that the TRUMP token noticed a worth uptick after the registration announcement. That response is typical: headlines appeal to retail consideration, and memecoins are extremely delicate to information circulation.
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Nonetheless, TRUMP stays far under its January peak of $75 — about 60% under that top — and any fund launch would solely channel hypothesis right into a regulated wrapper, not create earnings or money flows for the token itself.
There are dangers to look at. Memecoins are generally handled as commodities by regulators, which helps the case for ETF buildings, however focus in just a few wallets, unclear custody preparations, and the potential for market manipulation are actual issues.
Approval would possible require third-party custody, audits, and change surveillance plans that make the product much less fragile than an unregulated token itemizing.
Featured picture from Getty Photos, chart from TradingView
