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BTCC / BTCC Square / Global Cryptocurrency /
Canary Capital Files First Spot ETF for Trump’s Meme Coin

Canary Capital Files First Spot ETF for Trump’s Meme Coin

Author:
Global Cryptocurrency
Published:
2025-08-27 15:35:01
10
2
BTCCSquare news:

Canary Capital has submitted a groundbreaking application for the first U.S. spot exchange-traded fund (ETF) directly tied to Donald Trump's TRUMP meme coin. The filing, structured under the Securities Act of 1933, proposes full backing by TRUMP tokens held in regulated custody—a stark contrast to previous ETF attempts that included diversified assets.

Market analysts remain skeptical about SEC approval, citing the absence of a TRUMP futures market—a typical prerequisite for spot ETF clearance. Bloomberg's Eric Balchunas noted that while no futures products exist currently, TRUMP could eventually appear in diversified crypto ETFs. The move marks an unprecedented Wall Street embrace of a sitting president's personal cryptocurrency project.

|Square

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