Canary Capital Group has presented to the US stock and values commission. UU. (SECOND) To launch a quoted background (ETF) that would keep the Trump currency (TRIUMPH)A Solana headquarters linked to President Donald Trump.
The “ETF of the Canary Trump currency” proposed, presented in a presentation S-1 on Tuesday, marks a bold movement to bring one of the most prominent and volatile meme coins of political theme to Wall Street. A second presentation is needed, called 19B-4 and presented by the exchange of listings, to make the application official.
If approved, the fund offers investors exposure to Trump through traditional brokerage accounts, without demanding that they face digital assets.
The Canary Capital movement, based in Brentwood, Tennessee, occurs in the middle of a changing cryptographic regulatory landscape under the Trump administration. Recently, after the success of the ETF Spot Bitcoin, Ether and Solana, many other vehicles have been proposed, including Dogecoin Chainlink and Cardano .
‘Extreme volatility’
The presentation describes the memcoin frankly as a cryptocurrency class that “does not have a blockchain based utility identified beyond its brand and association with President Donald J. Trump, and its market value is mainly driven by political affiliation, cultural relevance and the feeling of the online community.”
He also points out that since its launch in January 2025, the value of the Token has been directly associated with President Trump, which makes it “a political statement and a digital collector element.”
The Trump memecoin, which briefly exceeded $ 27 billion in the market value reported shortly after launch, currently quotes around $ 1.67 billion. The presentation warns about extreme volatility, potential regulatory scrutiny and the possibility that investors lose their entire main.
However, if approved, the DEC decision on the ETF of Trump Canary Trump coins will be historical, which potentially establishes a precedent on how the agency sees the ETFs linked to highly speculative digital assets, politically linked and directed by the community.
Read more: the ETF plans of Canary Capital took shape thanks to Trump
