Canary Capital Files for Trump Coin ETF Trust in Delaware, TRUMP Token Jumps 10%

Canary Capital has initiated the process to launch a U.S. exchange-traded fund linked to the OFFICIAL TRUMP memecoin by registering the Canary Trump Coin ETF Trust in Delaware. The filing, available on the Delaware State Department's website, sets up a statutory trust structure typically used for single-asset crypto ETFs under the Securities Act of 1933.

The TRUMP token surged over 10% to $10.13 following the announcement. While the Delaware registration doesn't ensure the ETF's launch, it indicates Canary Capital's serious commitment to seeking SEC approval. Bloomberg ETF analyst Eric Balchunas pointed out that this '33 Act method differs from Tuttle Capital's '40 Act filings for its Trump and Melania-themed ETFs.

The market reaction highlights increasing institutional interest in politically-themed digital assets. If approved, this WOULD be the first U.S. ETF directly tracking a memecoin, potentially paving the way for similar products.