The filing tracks President Donald Trump’s Official Trump token, though SEC approval could still be months away.
Canary Capital filed for a Trump meme coin ETF with Delaware authorities on Wednesday, marking another step toward traditional finance embracing meme coins. The filing tracks President Donald Trump’s Official Trump token, though SEC approval could still be months away.
Trump currently holds a $1.9 billion market cap, ranking as the fifth-largest meme coin by value. The token sits in 49th position among all cryptocurrencies, showing significant institutional interest in politically themed digital assets.
This follows similar filings from Osprey Funds and REX Shares submitted in January. Industry experts suggest meme coin ETFs have better approval odds under the current crypto-friendly SEC administration, potentially bringing mainstream liquidity to this sector.
The broader meme coin market maintains over $82 billion in total capitalization. ETF approval could signal growing institutional acceptance of these alternative digital assets.
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