Canary Capital Files for TRUMP Memecoin ETF with SEC

Canary Capital’s proposal to create a TRUMP memecoin ETF signals a significant shift in institutional interest toward meme-based cryptocurrencies. The company’s filing with the SEC aims to bring greater clarity and legitimacy to investments in this space, which has traditionally been considered speculative. 10% price surge for the associated TRUMP token immediately following the announcement reflects investor optimism regarding potential institutional capital inflows. This move could significantly impact the memecoin market.