Companies & Deals
Share
Digital asset manager Canary Capital has filed to launch an exchange-traded fund (ETF) that would track the price of the $TRUMP meme coin, a cryptocurrency closely tied to U.S. President Donald Trump.
If approved by the Securities and Exchange Commission (SEC) — led by Chair Paul Atkins, who has recently adopted a softer stance on crypto — the ETF could begin trading in the coming months. The move highlights the growing intersection of politics, speculation, and cryptocurrency markets.
Meme coins such as $TRUMP derive their value from cultural relevance and online buzz rather than traditional fundamentals or technological utility. While highly volatile, they can deliver outsized returns for investors willing to stomach the risks.
Launched just three days before Trump’s inauguration in January, the $TRUMP coin quickly went viral on social media. A Reuters analysis in July revealed that major crypto exchanges rushed to list it faster than other meme tokens, reflecting the hype around the politically charged asset.
Filing
Disclaimer of Warranty
The information provided in this article is for general informational purposes only. We make no warranties about the completeness, reliability, and accuracy of this information. Read full disclaimer
The $TRUMP token has not been without controversy. Ethics experts argue it creates a potential conflict of interest for the president, while business leaders claim memecoins damage the credibility of the broader crypto sector.
The White House has rejected these concerns, insisting that Trump’s assets are managed in a family trust and that there is “no conflict of interest.”
“The Trump memecoin ETF proposal exemplifies the speculation that is distracting from blockchain's real potential,” said David Roos, partner at venture capital firm Core Innovation Capital.
According to Canary Capital, the ETF would give investors exposure to the $TRUMP coin without the need to hold it directly, something the firm says could be more efficient for certain portfolios. However, Canary did not disclose expected fees or specify which exchange would list the ETF.
The filing also comes just a day after Canary submitted paperwork for another U.S.-focused crypto ETF, signaling the firm’s growing ambition to capture investor demand in the regulated crypto investment space.




Editor's Picks

UAE Stablecoins: Why They Are Built to Travel, Not Stay Local
Walid Abou Zaki
Feb 28, 2026
8 min

The Central Bank of the UAE Clearing the Noise Around Article 62
Walid Abou Zaki
Feb 25, 2026
5 min

Europe’s Crypto Purge: Did Lithuania Just Kick Out Innovation — and is the UAE the Beneficiary?
Salma Naueihed
Feb 18, 2026
7 min
Read More Articles
In the Same Space

European Central Bank Paper Flags Stablecoin Risks to Euro-Area Banks and Monetary Sovereignty
News Desk
Mar 4, 2026
3 min

OCC Faces Scrutiny from Elizabeth Warren Over Trump-Linked Crypto Bank Bid
News Desk
Feb 27, 2026
3 min

Senate Housing Bill Adds Temporary CBDC Ban Through 2030
News Desk
Mar 3, 2026
2 min

Investors Sue JPMorgan Over Alleged Role in $328M Cryptocurrency Fraud
News Desk
Mar 12, 2026
4 min