Canary Capital Seeks SEC Nod for Spot Trump Coin ETF

Canary Capital Group LLC on 26 August filed a Form S-1 with the U.S. Securities and Exchange Commission seeking permission to launch the Canary TRUMP Coin ETF, a fund that would track the spot price of President Donald Trump’s namesake memecoin, TRUMP. If cleared, it would be the first U.S. exchange-traded product offering investors direct exposure to the token through a traditional brokerage account.

The proposal differs from prior TRUMP-linked funds submitted by Tuttle Capital and a joint Osprey Funds-Rex Shares venture, which used the Investment Company Act of 1940 and planned to hold the asset via an offshore subsidiary. Canary instead relies on the Securities Act of 1933, meaning the ETF would hold TRUMP tokens in custody and reflect their daily U.S.-dollar price performance without leverage or diversification.

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