XRP News Today: Canary Capital Registers Trump Coin ETF in Delaware Amid Rising Institutional Interest

Canary Capital, a crypto-focused asset manager, has registered an exchange-traded fund (ETF) designed to track the Official Trump (TRUMP) token in Delaware. The filing, made public through the Delaware Department of State, marks the first formal step in the process of potentially launching a spot ETF that would give investors exposure to the memecoin linked to U.S. President Donald Trump. The registration does not constitute a final filing with the U.S. Securities and Exchange Commission (SEC), and the firm has not disclosed specific details about the ETF's structure or timing for a public launch [1].

The TRUMP token, with a market capitalization of $1.9 billion, ranks as the fifth-largest memecoin by market size, according to Cointelegraph indexes. This filing follows similar moves by Osprey Funds and REX Shares, who submitted SEC filings for a TRUMP-based ETF in early January, shortly after the token's launch [2]. Canary Capital's registration reinforces the growing institutional interest in memecoins, particularly those with high-profile endorsements.

The filing has already driven a significant price reaction in the TRUMP token, with reports indicating a 94% surge in value following the news [3]. This demonstrates the influence of regulatory and institutional developments on speculative assets and reflects the broader trend of political figures impacting cryptocurrency markets. Despite the positive price movement, the firm has not confirmed any launch dates or provided additional structural details about the ETF.

Canary Capital's registration of the Trump Coin ETF appears to be part of a broader strategy to diversify its crypto investment offerings. In addition to this filing, the firm has registered staked ETFs focused on established blockchain assets like Injective (INJ), Sei (SEI), Cronos (CRO), and Sui (SUI). These products aim to provide institutional investors with diversified exposure to utility-driven tokens through structured tokenization. The firm is also developing a CBOE INJ ETF and plans to launch an XRP ETF by the end of the year [4].

Delaware has become a preferred jurisdiction for crypto-related registrations due to its business-friendly regulatory environment and efficient compliance processes. Canary Capital’s move to file in Delaware highlights a strategic approach to navigating the evolving regulatory landscape. The firm's CEO has expressed optimism about the potential success of these products, though such statements remain speculative until they are backed by market performance [5].

The Trump Coin ETF registration also signals a shift in how memecoins are being integrated into institutional investment vehicles. While these tokens have historically been considered highly speculative, the increasing interest from asset managers suggests a broader acceptance of crypto-based ETFs. However, analysts caution that the long-term viability of these products will depend on market demand and performance [6].

The broader memecoin sector has a combined market capitalization of over $82 billion, according to CoinGecko data. While Dogecoin (DOGE) remains the most prominent memecoin in the ETF space, with multiple pending SEC applications, the sector has seen a decline in popularity following a wave of rug pulls and other risks that exposed retail investors to losses in 2025 [7].

Sources:

[1] https://cointelegraph.com/news/canary-capital-trump-coin-etf-in-the-state-of-delaware

[2] https://coinmarketcap.com/community/articles/689cee99aa44a40f8119ea6d/

[3] https://coindoo.com/trump-coin-price-meme-coin-jumps-on-hints-of-upcoming-etf-launch

[4] https://www.ainvest.com/news/xrp-news-today-canary-capital-files-staked-etfs-delaware-focused-major-blockchain-assets-2508/

[5] https://www.ainvest.com/news/xrp-news-today-xrp-eyes-34-double-bottom-etf-potential-drive-bullish-momentum-2508/

[6] https://www.cryptotimes.io/2025/08/14/canary-capital-registers-trump-coin-etf-in-delaware/

[7] https://bitcoinworld.co.in/trump-coin-etf-registration