Canary Capital has registered an ETF for Trump Coin in Delaware, which may impact the meme coin market. The rise in TRUMP's price also indicates market reactions to this event.
Registered Trump Coin ETF
According to information published on August 13, 2025, Canary Capital has registered an ETF for Trump Coin in Delaware. This decision indicates the company's strategic aim to expand its footprint within the meme coin sector. As of the registration, there are no official comments from the company's management.
Market Reaction to Registration
Following the news of the ETF registration, the price of TRUMP rose from approximately $9.40 to $9.60, reflecting heightened investor interest. However, it is important to emphasize that such price fluctuations are characteristic of the cryptocurrency market and may be linked to speculative sentiments.
Expert Opinions on Meme Coin ETF Trends
Experts note that registered ETFs for meme coins can lead to short-term market spikes. It is crucial to understand that changes in regulation in this area can have lasting impacts on the cryptocurrency market. Currently, notable figures in the crypto community have not commented on this event.
The registration of an ETF for Trump Coin by Canary Capital opens new opportunities for the meme coin market. Increased interest and activity are evident, yet the future of such instruments will depend on regulatory developments and the financial landscape.
