#TrumpFiresFedGovernorCook ETF Analyst Questions How Canary's TRUMP Fund Will Overcome Regulatory Hurdles

Analyst Eric Balchunas claims that exchange-traded funds must have an existing futures product for at least six months, which Canary does not have for its TRUMP fund.

ETF Analyst Questions How Canary's TRUMP Fund Will Overcome Regulatory Hurdles

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President Donald Trump's memecoin could obtain an exchange-traded fund (ETF) in the US after Canary Capital was the first to file an application for a product that buys and holds the token, leading an analyst to question how it will overcome regulatory hurdles.

In a filing with the Securities and Exchange Commission on Tuesday, Canary indicated that its fund, the Canary Trump Coin ETF, would hold directly and offer exposure to Official Trump

TRUMP

€7.26

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Trump launched the token in January, just days before he re-entered the White House. It currently ranks 55th by market value, having fallen 69% from its all-time high of $46.50 on January 19, the day before Trump's inauguration, according to TradingView.