Trump Coin ETF: Canary Capital Files With SEC
Canary Capital Files S-1 for Trump Coin ETF
Asset manager Canary Capital has progressed in its ambition to launch a Trump coin ETF, submitting its S-1 filing to the U.S. Securities and Exchange Commission (SEC). This move follows the firm's recent filing for an ‘American-made Crypto ETF,’ which could also include investments in the TRUMP meme coin.
A SEC filing confirms Canary Capital's S-1 application for its Trump coin ETF. The fund aims to provide institutional investors exposure to the Solana-based meme coin associated with the former U.S. president.
Key Details of the Filing
- Trustee: CSC Delaware Trust Company will act as the fund's Trustee.
- Custodian: Canary Capital has not yet disclosed the fund's custodian.
Following the S-1 filing, an exchange is expected to submit a 19b-4 filing, seeking approval to list and trade shares of the Trump coin ETF. This initiates the SEC's review process, which will determine the ETF's fate.
Broader Crypto ETF Push by Canary
This Trump coin ETF filing is part of a larger effort by Canary Capital to offer exposure to various crypto assets. The firm recently filed for an American-made Crypto ETF, which could invest in cryptocurrencies originating from or primarily minted/operated within the U.S. This fund may also include the Trump coin.
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