Canary Capital Files First U.S. ETF Tied to $TRUMP Memecoin Following 3.8% Price Surge

Canary Capital, a U.S.-based asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first exchange-traded fund (ETF) directly tied to the price of the $TRUMP memecoin, signaling a shift in institutional interest in politically themed digital assets [1]. The $TRUMP token, launched shortly after Donald Trump’s 2024 inauguration, has experienced a 3.8% price increase in the past 24 hours, with the move attributed to the ETF filing [1].

This is the first U.S. ETF to track a memecoin linked to a political figure, positioning the asset in an untested regulatory and market space [1]. The filing comes as Canary Capital continues to expand its footprint in crypto-related investment products, having previously filed for ETFs tied to Solana, XRP, and Litecoin [1]. The firm's Sei ETF has already drawn attention following its listing on the CBOE [1].

The proposed $TRUMP ETF is expected to offer investors a regulated alternative to directly holding the memecoin, potentially reducing exposure to storage challenges and extreme volatility [1]. Analysts suggest that while the token's value is currently driven by social media attention and political events, the ETF could attract a broader investor base by framing the asset within a traditional financial structure [1].

However, the token remains below key technical levels such as the 50- and 100-day exponential moving averages, indicating that long-term bearish sentiment still dominates [1]. Short-term momentum indicators, including the 3-hour RSI and MACD, show signs of buying activity, but these do not guarantee sustained price appreciation [1].

The filing has sparked debate over the SEC’s potential approval. While the regulator has shown increased openness to crypto products under Chair Paul Atkins, a $TRUMP ETF would be a novel product, and approval is not guaranteed [1]. If approved, it could set a precedent for other politically or culturally themed tokens seeking institutional recognition [1].

The move also aligns with broader efforts by the Trump-aligned financial ecosystem to position the U.S. as a global crypto hub [1]. Yet, critics highlight that the token lacks the intrinsic use cases of traditional cryptocurrencies and depends heavily on unpredictable political and social factors for its value [1].

As the SEC evaluates the filing, the market will be watching closely to see if the product is approved and how it performs if listed. The outcome could influence the future of memecoin investment vehicles and signal how traditional finance continues to integrate digital assets into its offerings [1].

Source:

[1] Invezz - [https://invezz.com/news/2025/08/27/trump-memecoin-turns-bullish-as-canary-capital-files-for-first-trump-etf/](https://invezz.com/news/2025/08/27/trump-memecoin-turns-bullish-as-canary-capital-files-for-first-trump-etf/)