Overview
- On August 13, Canary Capital incorporated a Delaware statutory trust named 'Canary Trump Coin ETF' to serve as the legal vehicle for a spot ETF tracking the Official Trump memecoin.
- The registration marks the standard first step under the Securities Act of 1933 before submitting an S-1 registration statement and an exchange 19b-4 filing for SEC review.
- Reports of the filing prompted the TRUMP token to rally more than 10 percent, climbing to a multi-week high near $10.13 on the Solana blockchain.
- Delaware incorporation does not guarantee an ETF launch, as SEC negotiations over market surveillance, custody and pricing benchmarks can extend review by months.
- Canary Capital has previously filed a PENGU ETF application and joins a growing field of asset managers pursuing memecoin ETFs alongside Osprey Funds, REX Shares and others.