Canary Capital Files For Spot TRUMP Coin ETF, Price Jumps Over 2%

Key Insights:

• Canary Capital submitted a prospectus with the SEC to approve an OFFICIAL TRUMP coin ETF.
• Bloomberg ETF analysts Eric Balchunas and James Seyffart doubt the ETF would get approved due to a lack of futures market.
• TRUMP Coin price climbed 2% to $8.35 (press time), with massive buying in TRUMP futures in the derivatives market.

Canary Capital on Tuesday said it has filed for an OFFICIAL TRUMP coin ETF with the U.S. Securities and Exchange Commission (SEC). This marks the third exchange-traded fund (ETF) for TRUMP Coin, the first under the Securities Act of 1933.

As a result, TRUMP coin price climbed nearly 2% to $8.35 as traders reacted immediately to the announcement.

Canary Submits S-1 for TRUMP Coin ETF with the US SEC

According to an S-1 filing with the U.S. SEC dated August 26, Canary Capital submitted an application for a spot TRUMP crypto ETF. The latest filing did not reveal details such as fees and ticker.

On August 13, 2025, Canary Capital registered the Canary Trump Coin ETF as a statutory trust in Delaware, marking the first formal step toward a spot meme crypto ETF tracking the spot price of TRUMP crypto.

Canary has filed for ETF applications for multiple crypto assets, including Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR). The SEC delayed its decision on various ETFs, with estimated approval in October.

The move followed Monday’s disclosure of its application for the Canary American-Made Crypto ETF (MRCA).

The crypto market could expect a 19(b)-4 filing by an exchange in the coming weeks to list and trade the ETF. If approved, it would blur the line between financial products and political branding.

US President Donald Trump’s crypto-friendly policies have boosted crypto adoption by corporations, providing regulatory clarity. However, experts claim it would be interesting to see if the Canary TRUMP Coin ETF could get approval.

Bloomberg Analysts on First TRUMP Coin ETF Filing Under 1933 Act

Bloomberg ETF analysts Eric Balchunas and James Seyffart reacted to the filing. Balchunas doubts it gets approved due to a requirement of a crypto asset futures listed on an exchange for at least 6 months.

James Seyffart confirmed the filing was the 3rd TRUMP crypto ETF filing. But it is the first under the Securities Act of 1933.

Notably, Tuttle Capital and REX Shares-Osprey Funds filed TRUMP crypto ETF under the Investment Company Act of 1940. The SEC is yet to approve applications for an ETF tracking the spot price of TRUMP Coin.

The filing raised eyebrows in the crypto community, as the ETF may not see demand from institutional investors. Wall Street experts had warned about investing in meme coins, but Canary filed a spot Trump Coin ETF.

TRUMP Coin Price Climbs 2%

OFFICIAL TRUMP price jumped 2% after Canary announced a filing for TRUMP crypto ETF. The price was trading at $8.35. The 24-hour low and high are $8.07 and $8.46, respectively.

Furthermore, the trading volume saw a drop by 7% in the last 24 hours, indicating a decline in interest among traders.

In the daily timeframe, the price is below the 50-SMA, 100-SMA, and 200-SMA at the time of writing. Whereas, the Relative Strength Index (RSI) rose to 42, signaling potential for an upside move.

CoinGlass data showed massive buying in the derivatives market in the last few hours. At the time of writing, the total TRUMP futures open interest jumped 3% to $426.66 Million in the last 24 hours.

4-Hour TRUMP futures OI on Binance, OKX, and Bybit climbed more than 1.5%, 2.50% and 3%, respectively. This signals bullish sentiment among derivatives traders.