Canary Capital has formally registered an entity in Delaware for a Trump Coin ETF, signaling potential institutional exposure to the meme coin. The registration on August 13 marks a preparatory step before submitting filings to the U.S. Securities and Exchange Commission. Market data shows the TRUMP token price rose following the news, reflecting investor interest in the possible fund.
Canary Capital Registers Trump Coin ETF Entity
The Delaware Division of Corporations confirmed the incorporation of the “Canary Trump Coin ETF” entity on August 13. This step usually precedes an S-1 and 19b-4 filing with the SEC. Such filings would allow an exchange to seek approval for listing and trading the ETF.
The TRUMP token gained following the announcement, moving from about $9.40 to $9.60 within 24 hours. This represents nearly a 4% increase for the day. Over the past week, the token has risen more than 10% during a broader market rally.
However, the token remains 64% below its January all-time high of $75. Despite the decline from peak levels, traders see ETF approval as a liquidity boost. Market sentiment turned bullish as the news spread among crypto-focused investors.
Analysts Expect Green Light for Meme ETF
Canary Capital’s registration suggests the next step is filing the required forms with the SEC. These include an S-1 registration statement and a 19b-4 rule change proposal. An exchange would file the 19b-4 to allow trading of the Trump Coin ETF.
Industry analysts expect the SEC to approve the product, given its classification of meme coins as commodities. Approval would align with previous rulings on similar crypto-based funds. This classification exempts such tokens from the stricter securities framework.
Bloomberg analyst Eric Balchunas noted Canary might file under the ’33 Act, unlike other Trump-related funds filed under the ’40 Act. He compared this approach to previous filings for Trump and Melania coin ETFs. These earlier products came from asset manager Tuttle.
Looks Canary is prepping to poss file for first Trump Coin ETF via the '33 Act. They registered the name an entity as statutory trust (33 act). Tuttle has Trump (and Melania) coin ETFs filed but via '40 Act.. h/t source: @Cointelegraph pic.twitter.com/crz2ZApHkE
— Eric Balchunas (@EricBalchunas) August 13, 2025
Growing Meme Coin ETF Market
The Trump Coin ETF would join a small but expanding group of meme coin funds. Grayscale, Bitwise, and 21Shares have all submitted applications for Dogecoin ETFs, which remain the most established meme coin in ETF filings.
Bitwise recently amended its Dogecoin ETF proposal to include in-kind redemptions. This feature allows share conversions into the underlying asset without cash conversion, reducing tax implications for institutional holders. The move increased the Dogecoin ETF’s institutional appeal.
Other meme coin ETFs have also been filed, such as a BONK ETF proposal in January. While meme coin hype slowed after several rug pulls in early 2025, institutional products may renew interest. According to CoinGecko, meme coins currently hold a combined market capitalization exceeding $82 billion.
Summary
Canary Capital registered a Trump Coin ETF in Delaware on August 13, sparking a price rise in the TRUMP token. The move precedes SEC filings necessary for fund approval and trading. Analysts expect a favorable outcome due to the token’s commodity status. The Trump Coin ETF would join other meme coin funds, including Dogecoin and BONK ETFs. Market interest in such products could boost liquidity and institutional participation in the meme coin sector.
FAQs
What is the Trump Coin ETF?
It is a proposed exchange-traded fund offering institutional exposure to the TRUMP meme coin.
When did Canary Capital register the Trump Coin ETF?
It was incorporated in Delaware on August 13th.
What comes after registration?
Canary Capital will be required to submit forms with the SEC: S-1 and 19b-4.
Why is ETF being approved bullish to TRUMP?
The stamp of approval would add liquidity and capture institutional investors for the token.
How much is the meme coin market cap at?
This has a market capitalization of more than $82 billion based on CoinGecko.
Glossary of Key Terms
Trump Coin ETF – A proposed fund tracking the TRUMP meme coin for institutional investment.
Meme Coin – A cryptocurrency created around an internet meme or cultural reference.
ETF (Exchange-Traded Fund) – An investment fund traded on exchanges, holding assets like stocks or cryptocurrencies.
S-1 Filing – A registration statement filed with the SEC for launching a new security.
19b-4 Filing – A form filed to propose rule changes for listing securities on exchanges.
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