XRP News Today: Canary Files Trump Memecoin ETF Amid SEC Crypto Review Shift

Canary Capital Group LLC has filed with the U.S. Securities and Exchange Commission (SEC) to launch an ETF that tracks the price of a memecoin associated with former U.S. President Donald Trump [1]. The proposed fund, known as the Canary Trump Coin ETF, aims to provide investors with access to the $TRUMP memecoin via traditional brokerage platforms, circumventing the risks and complexities of direct ownership of the digital asset [1].

The filing marks the latest in a series of crypto ETF applications submitted to the SEC, with the agency currently reviewing multiple proposals for products tracking digital assets such as SOL, DOGE, and others [1]. Recent developments indicate a regulatory shift, as the SEC has clarified that certain proof-of-stake and liquid staking activities do not fall under its securities framework [1].

Notably, the SEC previously stated in February that memecoins are not considered securities [1]. This classification could potentially streamline the approval process for memecoin-related ETFs, although the agency has not yet responded to the specific application for the Trump memecoin ETF.

Canary Capital is also seeking approval for a separate “American-Made” crypto ETF that would include exposure to digital assets like XRP, SOL, and ADA [2]. This proposed fund, referred to internally as the PENGU ETF, is under regulatory review, with the SEC pushing back its decision to October 2025 [2]. The fund is designed to provide investors with exposure to a curated basket of U.S.-centric and institutional-grade digital assets [3].

The SEC’s broader regulatory approach appears cautious, with delayed rulings on several ETF proposals, including those from Grayscale and WisdomTree [5]. The agency is also soliciting public comments on specific staked token structures, including Canary’s staked TRX ETF [6]. These actions suggest a methodical evaluation of crypto-backed investment products and highlight the agency’s focus on investor protection and risk assessment.

Canary Capital’s filing for a Trump memecoin ETF has drawn public attention due to the token’s speculative and social media-driven nature [7]. While the SEC has not yet responded, the application underscores the increasing interest from institutional players in integrating crypto assets into traditional investment frameworks [9].

The regulatory landscape for crypto ETFs remains fluid, with delays in SEC decisions creating uncertainty for market participants. However, the agency’s careful approach also signals a commitment to ensuring robust investor safeguards [8]. If approved, the American-Made Crypto ETF could serve as a model for future U.S.-focused crypto investment products and reflect the maturation of the crypto asset class.

Source: [1] Canary Capital seeks U.S. SEC approval for Trump memecoin ETF (https://www.theblock.co/post/368277/canary-capital-seeks-us-sec-approval-for-trump-memecoin-etf?utm_source=rss&utm_medium=rss)

[2] U.S. SEC Delays Decision on Canary PENGU ETF Until (https://coincentral.com/u-s-sec-delays-decision-on-canary-pengu-etf-until-october-2025/)

[3] XRP News Today: Canary Files for U.S.-Centric Crypto ETF (https://www.ainvest.com/news/xrp-news-today-canary-files-centric-crypto-etf-focused-xrp-sol-ada-2508/)

[5] The Canary in the Coal Mine: How U.S. Crypto ETF Filings (https://www.ainvest.com/news/canary-coal-crypto-etf-filings-signal-era-institutional-confidence-2508/)

[6] U.S. SEC delays decision on PENGU and ADA ETFs (https://crypto.news/u-s-sec-delays-decision-pengu-ada-etf-2025/)

[7] The Block (@TheBlock__) / X (https://x.com/theblock__)

[8] The SEC delayed its decision on WisdomTree's XRP ETF (https://www.mitrade.com/insights/news/live-news/article-3-1068842-20250826)

[9] Canary Files 'American-Made Crypto ETF,' Could Hold (https://www.facebook.com/manuel.guevarra.369210/posts/canary-files-american-made-crypto-etf-could-hold-xrp-sol-and-adacanary-has-filed/754898454090032/)