Canary Capital Group filed with the Securities and Exchange American Commission (SECOND) To launch a fund translated on the point (ETF) Who would hold the Trump room (ASSET)A Solana -based token linked to President Donald Trump.
The proposed “Canary Trump Coin Etf”, submitted Tuesday in an S-1 file, marks a daring decision to bring one of the most important and volatile pieces on the political theme to Wall Street. A second file, called 19B-4 and submitted by the exchange of lists, is necessary to make the request official.
If it is approved, the fund will offer investors an exhibition to Trump through traditional brokerage accounts, without obliging them to self-check the digital assets.
Brentwood’s decision in the capital Canary, based in Tennessee, is involved in the middle of a regulatory landscape of cryptography changing under the Trump administration. Recently, following the success of Spot Bitcoin, Ether and Solana ETF, many other vehicles have been offered, notably Dogecoin Chaincold and cardano .
“Extreme volatility”
The deposit frankly describes the Memcoin as a cryptocurrency class which “has no utility based on the blockchain identified beyond his brand image and his association with President Donald J. Trump, and his market value is mainly motivated by political affiliation, cultural relevance and the feeling of the online community”.
He also noted that since its launch in January 2025, the value of the token has been directly associated with President Trump, making it “both a political declaration and an object of digital collector”.
Trump Memecoin, who briefly exceeded $ 27 billion of market value declared shortly after the launch, is currently negotiating around $ 1.67 billion. The deposit warns extreme volatility, a potential regulatory examination and the possibility that investors lose their principal.
However, if it is approved, the SEC decision on the Canary Trump Coin ETF will be a benchmark, which could establish a precedent on how the agency considers FNB linked to highly speculative digital assets, politically linked and focused on the community.
Read more: Canary Capital’s FNB plans took shape thanks to Trump
