- Canary Capital’s Trump Coin ETF filing signals a deeper move into political meme coin investments.
- The SEC is reviewing multiple meme coin ETFs amid rising institutional interest.
- Back-to-back ETF filings show Canary’s push to tap into U.S.-focused crypto assets.
Canary Capital, an asset management company, has submitted an S-1 form to the SEC, its latest attempt to launch a meme-coin exchange-traded fund. The new ETF will be concentrated on the Trump Coin (TRUMP), whose popularity is on the increase due to former President Donald Trump.
This is the second cryptocurrency-related ETF initiative by the company in recent times. Just a day before, Canary filed an independent fund pegged as the American-Made Crypto ETF that would invest in cryptocurrencies with a well-established presence in the United States, including the Trump Coin.
Canary Capital Awaits SEC Review After S-1 Filing
In the S-1 filing, the Trump Coin ETF will provide institutional investors with exposure to the TRUMP meme coin. Interest in the coin has increased because of its political implications and the online community’s interest.
🚨 BREAKING: Canary has submitted an S-1 application to the SEC for the launch of a $TRUMP ETF. pic.twitter.com/mhjzun9CKk
— Wise Advice (@wiseadvicesumit) August 26, 2025
The fund’s structure has CSC Delaware Trust Company as the trustee. Nevertheless, the application failed to identify a custodian for the ETF assets, an aspect that is crucial to securing SEC approval.
With an S-1 being filed, an exchange will likely file a 19b-4 form. This is necessary to list and trade the ETF on an American exchange during the formal evaluation period by the SEC.
Growing Interest In Meme Coin ETFs
The Trump Coin ETF is one of a series of asset management products seeking to offer cryptocurrency exposure within a familiar investment product. The SEC has traditionally taken a conservative approach to such offerings, but there is a trend of growing institutions’ interest in such offerings, leading to a growing number of filings.
Canary Capital is making bold advances in this climate. Its American-Made Crypto ETF, submitted a day before, includes digital assets or projects minted, developed, or headquartered in the U.S., and ones that predominantly operate within the country’s jurisdiction. The Trump Coin can fit both of these criteria so that it may surface in both of those ETF portfolios.
Other companies, such as REX Shares and Osprey Funds, have also applied to Broker-linked ETFs to the Trump coin. Nevertheless, Canary filing is a notable break because of the quick succession of filings and speed of getting to market.
Crypto Regulation and Market Reactions Expected
It will be interesting to see the SEC’s response to this trend of meme coin ETFs. Acceptance of such funds typically takes months, and market consultations and a section of the public have the right to comment.
Investors and analysts have now postulated whether the filings indicate the new era of crypto ETFs. Due to the political nature of current meme coins, such ETFs could have a material market impact in the event of their approval.
