Canary Capital Files for TRUMP Coin ETF Worth $1.67 Billion

Canary Capital Group has submitted a request to the Securities and Exchange Commission (SEC) seeking approval for an exchange-traded fund focused on political meme coins. This proposed fund would hold TRUMP Coin, a Solana-based cryptocurrency associated with President Donald Trump. Currently valued at approximately $1.67 billion, TRUMP Coin’s market capitalization has seen significant fluctuations, reaching a reported high of over $27 billion after its launch in January 2025.