As The United States President’s own Trump Media company is filing for a big scattershot of its own items, it’s only natural that other big digital asset companies follow. In the latest exchange-traded fund (ETF) pitch, Canary Capital just proposed an Official Trump coin (TRUMP) ETF.
Canary’s Trump ETF Pitch Signals Bottom?
Donald Trump’s signature meme coin came a few days into inauguration, claiming an all-time peak of $74.43 on January 19, 2025. Notably, the mem coin has fallen terribly by 88.5% since then, now trading at $8.48. However, the recent Trump coin ETF filing by Canary Capital implies the sentiment is about to change.
Per Bloomberg’s head ETF specialist James Seyffart, this marks the third instance of a Trump coin ETF submission. Back in January, Tuttle Capital & Rex Shares were the ones to register a TRUMP coin ETF pitch, still awaiting a decision since the beginning of the year.
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Conversely, Canary Capital’s ETF filing is different, as it applies to the’33 Act rather than ‘40 Act standards like the previous two. This raises the question if such a memecoin-based ETF could exist under the alternative act, despite being potentially more lucrative to investors due to easier tax obligations.
Among the requirements for one of those, Bloomberg’s ETF expert Eric Balchunas names at least 6 months of Futures trading on an exchange, but that doesn’t exist yet. As a result, Mr. Balchunas expects a higher chance of a ‘40 Act-complying Official Trump coin ETF to see the light of day.
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People Also Ask:
Canary Capital filed on August 26, 2025, for a U.S. spot ETF tied to $TRUMP, a meme coin linked to President Trump, offering direct exposure without owning the token.
No, the pitch is for a non-leveraged ETF, focusing on holding TRUMP crypto reserves rather than amplified returns like some other crypto ETFs.
It faces regulatory uncertainty, extreme TRUMP price volatility, political conflict-of-interest concerns, speculative nature, and potential liquidity issues if the price tanks.
TRUMP ranks outside the TOP 50 coins, with price driven by hype, lacking fundamentals, and subject to wild price swings.
Possible with a crypto-friendly SEC, but the lack of a futures market and regulatory scrutiny might delay or block it, per Bloomberg analysts.
