Canary Capital Registers Trump Coin ETF In Delaware
A Delaware registration typically precedes an S-1 and 19b-4 filing with the U.S. SEC. Therefore, Canary Capital is likely to file its registration next with the Commission while an exchange files for a rule change to list and trade shares of this fund
Data from the Delaware Division of Corporations shows that a ‘Canary Trump Coin ETF’ has been registered. The asset manager incorporated this entity on August 13, a move that indicates plans to offer a fund that provides institutional investors with exposure to the meme coin.
A Delaware registration typically precedes an S-1 and 19b-4 filing with the U.S. SEC. Therefore, Canary Capital is likely to file its registration next with the Commission while an exchange files for a rule change to list and trade shares of this fund.
Notably, a Trump Coin ETF filing will mean that there are now ETF filings for three meme coins. Grayscale, Bitwise, and 21Shares have already filed for funds that will hold the top meme coin, Dogecoin. Meanwhile, Canary Capital already filed for a PENGU ETF.
Furthermore, an ETF is bullish for the TRUMP token, considering how it would inject more liquidity into the meme coin’s ecosystem. Meanwhile, the SEC is likely to approve the fund since it already declared that meme coins are commodities and not securities.
