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Canary Capital register TRUMP memecoin ETF in Delaware in latest altcoin bet Canary Capital Registers TRUMP Memecoin ETF in Delaware — Sources Hint Barron Trump Coin Coming End of August
Canary Capital aims to provide institutional investors with direct exposure to speculative meme coins by filing for the Trump Coin ETF.
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Updated: Aug. 14, 2025 at 16:51 pm UTC
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Canary Capital has registered a Trump Coin ETF in Delaware, a move that signals plans to launch a spot exchange-traded fund (ETF) tracking the memecoin. The move comes amid growing speculation that Barron Trump, the former president's youngest son, may be preparing his own Solana-based meme coin ($BRRN) for release by the end of August 2025.
The entity, "Canary Trump Coin ETF," was incorporated on Aug. 14, according to state records.
The registration is typically a precursor to filing an S-1 application with the U.S. Securities and Exchange Commission (SEC) and a corresponding 19b-4 form by a listing exchange.
If filed, the fund would be the third spot ETF tied to a meme coin, following applications for Dogecoin products from other major firms. Canary Capital has also filed for a PENGU ETF, making it one of the few U.S. asset managers to pursue multiple altcoin-based ETFs.
The firm’s strategy is unusual in a market where most crypto ETF efforts have centered on blue-chip digital assets such as Bitcoin (BTC) and Ethereum (ETH), with occasional diversification into large-cap layer-1 tokens like Solana (SOL).
By targeting smaller, high-volatility meme coins, the firm is positioning itself in a niche segment often viewed as speculative and outside the mainstream ETF landscape. The firm’s CEO previously stated that the altcoin ETFs are a bet on undervalued digital assets. Some insiders believe the timing of the ETF registration could be coordinated to precede Barron Trump's rumored debut in the memecoin space.
The proposed Trump Coin ETF would give institutional investors direct exposure to the Solana-based TRUMP token, potentially injecting additional liquidity into the market and creating a regulated investment channel for what is otherwise a retail-driven asset.
The SEC has previously stated that meme coins are considered commodities, which could simplify the approval process compared to tokens deemed securities. If confirmed, BarronCoin could become the youngest entrant in the politically-linked memecoin market, potentially riding the media momentum generated by the Trump Coin ETF.
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.
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In this article
The Trump memecoin, officially launched by Donald Trump on the Solana blockchain, is a digital asset named TRUMP.
Bitcoin
$121,880.95
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$4,735.87
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Dogecoin
$0.24369
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
Pudgy Penguins
$0.03670
PENGU serves as the official cryptocurrency for Pudgy Penguins.
Solana
$204.579
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Canary Capital
Canary Capital is a prominent investment management firm specializing in institutional cryptocurrency trading and asset management.
Donald John Trump, born on June 14, 1946, in Queens, New York City, is a prominent American politician, businessman, and media personality.