Asset manager Canary Capital has taken a major step toward bringing Trump Coin into the institutional spotlight. The company has officially registered the “Canary Trump Coin ETF” in the U.S. state of Delaware, igniting speculation about the upcoming launch of a spot ETF for this controversial yet popular meme coin.
First signal of institutional entry
According to data from the Delaware Division of Corporations, the registration was filed on August 13, suggesting the fund could be unveiled soon. This move typically precedes the filing of S-1 and 19b-4 forms with the U.S. Securities and Exchange Commission (SEC). In practice, this means Canary Capital will likely submit its application to the SEC in the near future, while the chosen exchange will seek a rule change to list and trade the fund’s shares.
Third meme coin with ETF prospects
If approved, Trump Coin would become the third meme coin with an ETF application. Grayscale, Bitwise, and 21Shares have already submitted proposals for funds holding Dogecoin, while Canary Capital has previously applied for a PENGU ETF.
Why this is a bullish signal for Trump Coin
A potential ETF could significantly boost the liquidity of the TRUMP token and make it easier for institutional investors to access its ecosystem. The SEC has also previously confirmed that meme coins are classified as commodities rather than securities – a factor that greatly increases the likelihood of approval.
Market reaction: price jumps immediately
TradingView data shows that immediately after the registration news broke, Trump Coin’s price rebounded from around $9.40, climbing nearly 4% to the current $9.60. Over the past seven days, the token has gained more than 10%, in line with the broader cryptocurrency market rally. However, it still trades more than 64% below its all-time high of $75, reached shortly after its market debut in January this year.
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