Overview
- DTCC/NSCC added the proposed Trump Coin ETF under ticker TRPC this week, signaling clearing and settlement readiness without conferring regulatory approval.
- Canary Capital filed the fund on August 26 as an S-1 under the 1933 Act, seeking direct exposure to the Solana-based TRUMP token.
- ETF specialists highlight that no TRUMP futures trade on regulated venues, a gap often cited as a hurdle for spot-crypto ETF approvals.
- The TRUMP token traded around $7–$8 and remains roughly 90% below its January peak despite a brief intraday bounce.
- The token’s issuer, Fight Fight Fight LLC, is reported to be exploring a $200 million to $1 billion treasury initiative, while the U.S. government shutdown is described as slowing ETF reviews.