Trump Coin ETF Filing Sparks Memecoin Surge

Investment firm Canary Capital has submitted an application for a Trump Coin ETF in the US, potentially leading to a surge in popularity for the cryptocurrency. The move follows similar filings by Tuttle Capital and REX Shares for alternative memecoins like Dogecoin. This new development signifies a growing interest in crypto-linked exchange-traded funds (ETFs) within the U.S. The filing represents the first step towards launching the product, with a formal S-1 form and 19b-4 filing expected soon. Canary Capital’s approach differs from previous filings that utilized the Investment Company Act of 1940, suggesting a distinct strategy for this project.