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Canary Capital Files for First TRUMP Meme Coin Spot ETF in Wall Street History
Canary Capital Files for First TRUMP Meme Coin Spot ETF in Wall Street History
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[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN]
TRUMP News - Canary Capital has submitted a groundbreaking application for a spot ETF directly tied to the TRUMP meme coin, marking a Wall Street first. Unlike previous proposals that relied on indirect exposure through subsidiaries, this fund would hold the cryptocurrency outright under the Securities Act of 1933. The move faces regulatory headwinds as analysts note the SEC typically requires a six-month track record for related futures products—a hurdle TRUMP lacks. Earlier ETF filings this year under the Investment Company Act of 1940 proposed diversified holdings, but Canary's approach embraces direct crypto exposure, potentially setting a new precedent for meme coin adoption in traditional finance.
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