According to reports, Canary Capital has taken a formal step toward an ETF tied to the TRUMP memecoin by registering an entity called the “Canary Trump Coin ETF” with the Delaware Division of Corporations on August 13.
That registration is an early, procedural move and does not mean the fund has been filed with or approved by the US Securities and Exchange Commission.
Markets reacted quickly; TRUMP rebounded from about $9.35 to $9.55 after the news, marking just over 10% gains for the week at press time.
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Regulatory Route And Competing Filings
Based on reports, the registration adds to a growing list of institutional bids to package memecoins. Companies such as Grayscale, Bitwise, and 21Shares have already pursued funds linked to Dogecoin, while Osprey Funds
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