LTC Enthusiasts Watch as Canary Capital Pioneers Memecoin ETF with MOG Coin

In a groundbreaking move, Canary Capital has filed for the first U.S. memecoin ETF, targeting MOG Coin, signaling a new era of institutional acceptance for meme-driven cryptocurrencies. The filing, submitted to the SEC on November 12, 2025, highlights the growing legitimacy of memecoins in the financial sector. The ETF will primarily track MOG, an Ethereum-based memecoin, with a minor allocation of up to 5% in Ether to cover network fees. This development not only underscores the increasing integration of cryptocurrencies into traditional finance but also sets a precedent for future memecoin-related financial products. As the crypto community eagerly anticipates regulatory approval, this move could pave the way for broader adoption and innovation in the space, potentially influencing other assets like LTC as the market evolves.

Canary Capital Files for First U.S. Memecoin ETF Tracking MOG Coin

Canary Capital, a crypto fund manager, has taken a bold step into the memecoin arena by filing for the first U.S. exchange-traded fund (ETF) tied directly to MOG Coin. The S1 registration submitted to the SEC on November 12, 2025, marks a significant milestone in the institutional adoption of meme-driven assets. The proposed ETF will primarily track MOG, an Ethereum-based memecoin, with up to 5% Ether holdings to cover network transaction costs.

The filing comes as the SEC prepares to re-engage with digital asset ETFs following the resolution of the U.S. government shutdown. This regulatory thaw could pave the way for a wave of crypto ETFs, including several XRP-linked products noted by ETF expert Nate Geraci. Canary Capital has been particularly active, having recently launched ETFs tracking Litecoin and HBAR, with an XRP ETF set to debut this week.

Market observers note the timing aligns with the SEC's September clearance of numerous spot crypto ETFs, including products tied to solana and Dogecoin. The MOG ETF filing has ignited social media buzz, reflecting the growing intersection between meme culture and institutional finance.

Bitcoin Depot Expands Cryptocurrency ATM Operations to Hong Kong and Taiwan

Bitcoin Depot, the largest operator of Bitcoin, Litecoin, and Ethereum ATMs globally, is expanding into Asia with plans to deploy cryptocurrency ATMs across Hong Kong and Taiwan. The company aims to rank among the top five Bitcoin ATM providers in Hong Kong, where 223 machines are already operational.

The expansion follows Bitcoin Depot's successful licensing as a regulated money services operator (MSO) in Hong Kong, ensuring compliance with local anti-money laundering (AML) and know-your-customer (KYC) regulations. The company's compliance team has established local partnerships to meet all regulatory requirements.

Hong Kong's proactive regulatory environment, led by the Securities and Futures Commission (SFC), is fostering innovation while safeguarding investors. bitcoin Depot's entry signals growing competition in a market where crypto ATMs are gaining renewed attention worldwide.

Canary Capital's Spot XRP ETF Gains Historic Approval Under 1933 Securities Act

Nasdaq has greenlit the first spot XRP exchange-traded fund registered under the Securities Act of 1933, marking a watershed moment for crypto-based financial products. Canary Capital's XRPC fund received automatic approval after a 20-day SEC review period, with trading set to commence at Thursday's market open.

The breakthrough follows Canary's FORM 8-A filing under Section 8(a), which triggered a regulatory countdown clock. Eun Ah Choi of Nasdaq Regulation confirmed the listing in correspondence with SEC's Corporation Finance division, bypassing the need for explicit agency approval through the automatic effectiveness mechanism.

Market observers note this positions XRP as the sixth cryptocurrency to gain a single-asset ETF wrapper, joining Bitcoin, Ethereum, Solana, Litecoin and Hedera. Nova Dius Wealth President Nate Geraci initially undercounted the milestone before correcting his social media post: "Will be 4th single crypto asset in ETF wrapper after BTC, ETH, & SOL... *6th... LTC & hbar. How could I forget."