What to know:
- Canary Capital Group has filed with the SEC to launch a spot ETF for TRUMP Coin, a Solana-based memecoin linked to President Donald Trump.
- The proposed ETF aims to offer investors exposure to TRUMP without requiring self-custody of the digital asset.
- The SEC’s decision on this ETF could set a precedent for future ETFs related to politically-linked digital assets.
Canary Capital Group has approached the U.S. Securities and Exchange Commission (SEC) with plans to introduce a spot exchange-traded fund (ETF) that would incorporate TRUMP Coin, a token based on Solana and associated with President Donald Trump. This initiative, titled “Canary TRUMP Coin ETF,” represents a significant step towards merging politically themed cryptocurrencies with traditional finance. The filing was made under the S-1 document on Tuesday, which requires a subsequent filing by the listing exchange to formalize the application.
If approved, this fund would allow investors to gain exposure to TRUMP through conventional brokerage accounts without necessitating self-custody of the asset. The maneuver by Canary Capital, based in Brentwood, Tennessee, comes against a backdrop of changing regulations in crypto as the Trump administration’s policies evolve.
As the climate shifts, several spot ETFs have gained momentum, including those for assets like Bitcoin, Ether, and Solana, prompting additional interest in politically inspired tokens. According to the filing, the TRUMP memecoin’s value has been closely tied to President Trump since its inception in January 2025.
The prospect of obtaining SEC approval for the Canary TRUMP Coin ETF represents a pioneering moment potentially shaping the agency’s stance on investing in speculative and politically-affiliated digital assets.
