Canary Capital Files for Trump Coin ETF: Price Soars 2%

Crypto exchange Canary Capital has filed a prospectus with the SEC to launch an official spot TRUMP coin ETF. This is the third attempt at creating a TRUMP cryptocurrency ETF, following on the heels of two previous filings under the Investment Company Act of 1940. While analysts question the ETF’s chances of approval due to the lack of a relevant futures market for crypto assets, the price of TRUMP Coin surged nearly 2% to $8.35 as traders reacted to the news. Canary Capital has also previously filed for ETFs tracking Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR). The SEC’s decision on these applications is still pending.