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4h ago

Canary Capital Files S-1s for 'American‑Made' Crypto ETF and First Spot TRUMP Token ETF

Analysts view approval as unlikely without a related futures market, with a 19b‑4 exchange filing still required.

Canary Capital
Canary Capital
altcoins
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Overview

  • Canary Capital submitted an S-1 on Aug. 26 for a spot ETF holding the TRUMP memecoin under the Securities Act of 1933, seeking direct exposure to the token.
  • A separate S-1 filed Aug. 25 outlines the Canary American‑Made Crypto ETF, which would track the Made‑in‑America Blockchain Index and may earn staking or validation rewards where possible.
  • The American‑Made fund targets listing on Cboe BZX under ticker MRCA and is structured as a Delaware statutory trust rather than a 1940 Act investment company.
  • Prospectuses label the products speculative and high‑risk, warning investors could lose their entire investment and noting the funds lack CEA/CFTC protections.
  • Bloomberg’s Eric Balchunas highlighted long odds for a TRUMP spot ETF given the absence of a related futures product, while coverage notes U.S.‑tied tokens total roughly $520 billion by CoinGecko estimates.