Canary Capital Registers Trump Coin ETF in Delaware, Signaling Potential SEC Filing

Canary Capital has taken a decisive step toward launching a Trump-themed memecoin ETF, registering the 'Canary TRUMP Memecoin ETF' as a statutory trust with the Delaware State Department. The move signals preparations for a formal application under the Securities Act of 1933, which would place it among the growing list of alternative asset ETFs seeking lighter regulatory oversight.

Bloomberg analyst Eric Balchunas notes the filing's distinction from previous 40 Act ETF attempts like the Tuttle 2x Trump/Melania fund. This 33 Act approach could accelerate approval timelines, though the product would still face scrutiny amid the SEC's cautious stance on crypto ETFs beyond Bitcoin.

The potential launch joins competing efforts including the REX-Osprey Trump ETF proposal, reflecting institutional interest in politicized meme assets during the 2024 election cycle. Market makers are closely monitoring whether these filings could establish a new precedent for celebrity-linked crypto securities.