Canary Capital has registered the Canary Trump Coin ETF in Delaware and laid the foundation for what could be the first American exchange -related fund that follows the official Trump Memecoin.
Summary
- Canary Capital registered the Canary Trump Coin ETF Trust in Delaware, which indicates a possible movement to a US ETF for the official Trump -Token.
- Trump Price rose more than 10% to $ 10.13 after news about registration.
On Wednesday, Canary’s registration For the Canary Trump, Coin ETF went live on the website of the Delaware State Department.
The submission provides legal confidence, the legal structure that is usually used to launch crypto ETFs under the Securities Act of 1933, and indicates that the company is preparing for a complete entry at the US Securities and Exchange Commission.
Will there be a Trump Munt ETF?
The registration of Delaware does not guarantee that the ETF will launch, but it marks an important first step to make it a reality.
Bloomberg ETF analyst Eric Balchunas said that Canary seems to make the first Trump Coin ETF under the ’33 act, a different route than the ’40 ACT files that Tuttle Capital has done for his Trump and Melania Coin ETFs.
Looks Canary is prepping to poss file for first Trump Coin ETF via the '33 Act. They registered the name an entity as statutory trust (33 act). Tuttle has Trump (and Melania) coin ETFs filed but via '40 Act.. h/t source: @Cointelegraph pic.twitter.com/crz2ZApHkE
— Eric Balchunas (@EricBalchunas) August 13, 2025
The ’33 ACT setup is usually used for crypto ETFs that are built around a single actively, whereby the fund holds the token itself instead of a mix of different coins.
Earlier this year, Osprey Funds and Rex shares also announced plans for a Trump ETF, submit their proposals in January.
What is the following?
By registering legal confidence in Delaware, Canary draws up the legal entity that would keep the assets of the ETF and issue shares to investors.
After making legal trust, the next big step would submit an S-1 registration statement to the SEC under the ’33 ACT.
Even if Canary controls the S-1 immediately, approval can take months. Recent place Crypto ETFs – including those for Bitcoin and Ethereum – were confronted with long assessment periods and considerable negotiations on market monitoring, price benchmarks and interest mechanisms.
Given the relatively short trade history of the token and the volatility profile of the memecoin, the approval of a Trump coin ETF can be confronted with a few hiccups.
Canary also has an ETF -follows in following another meme -Munt, Pengu.
Official Trump token Rallies
According to market data, the official Trump (Trump) has a market capitalization of around $ 1.9 billion. It is the sixth largest memecoin per market capitalization that has seen a considerable speculative trading activity.
After the reports of the registration of Delaware had surfaced, Trump collected more than 10% to a multiple highlight of $ 10.13, but still traded more than 86% lower than the all-time high of $ 73.43 hit in January after the launch.
