Canary Capital has officially registered “Canary Trump Coin ETF” in Delaware, a move often signaling the first step before seeking U.S. Securities and Exchange Commission approval.
The August 13 filing could be followed by S-1 and 19b-4 form submissions, which are required before listing on a U.S. exchange. The announcement fueled excitement among Trump Coin traders.
The Solana-based meme coin’s trading volume jumped 94% in 24 hours to $870 million, while its price rose 4% to $9.50. Over the past week, Trump Coin has gained 7.18%, helped by broader market momentum.
However, it remains far below its all-time high of $75 set in January, still down more than 64% from that level.
The ETF registration has sparked speculation over potential institutional exposure to the token, but significant regulatory steps remain before such a product could launch. The market’s reaction underscores the continued influence of political-themed tokens in the evolving crypto landscape.
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