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Launch of Trump Coin ETF: A New Initiative by Canary Capital

Launch of Trump Coin ETF: A New Initiative by Canary Capital

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by Giorgi Kostiuk

2 hours ago

Canary Capital, a digital asset manager, has filed for a Trump Coin ETF, generating interest within the crypto community.

Trump Coin ETF Filing

Today, Canary Capital filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch the Trump Coin ETF. The ETF is expected to trade under the ticker 'MRCA' and will be part of a larger strategy focused on American-made crypto projects.

Future Prospects and Competition

This filing came a day after Canary Capital also filed for a first-of-its-kind ETF that will focus exclusively on cryptocoins developed or mined in the US. ETF analyst Eric Balchunas noted that there is a 'really good chance' an ETF that actively trades memecoins will emerge in 2026.

Rumors about Trump Media-Crypto.com Deal

In other news, Trump Media & Technology Group announced a partnership with Crypto.com for starting a business involving Cronos tokens. However, analyst ZachXBT called the reports about a $6 billion token purchase inaccurate.

The launch of the Trump Coin ETF and the partnership with Crypto.com highlight activity in the crypto market, yet accompanying disputes indicate the need for careful analysis of the current situation.

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