Trump Coin prices ticked higher after Canary Capital registered a new Delaware-based entity, a move widely interpreted as the first step toward launching a Trump Coin exchange-traded fund.
The filing, dated August 13, has fueled speculation that the asset manager will soon seek U.S. regulatory approval to list and trade the fund.
Such a product would make Trump Coin one of the few meme coins with a potential institutional-grade investment vehicle, joining the likes of Dogecoin – which already has ETF proposals from Grayscale, Bitwise, and 21Shares.
Canary Capital has also been active in this space, previously submitting plans for a PENGU ETF.
Liquidity and Approval Prospects
Market watchers note that an ETF could inject fresh liquidity into Trump Coin’s ecosystem, potentially broadening its investor base. The SEC has already classified meme coins as commodities, a stance that could streamline the approval process.
Following the registration news, the Solana-based token rebounded from $9.40 to $9.60, up about 4% on the day and 10% over the week. Despite the rally, Trump Coin remains more than 60% below its $75 high reached shortly after its January debut.
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Source: https://coindoo.com/trump-coin-price-meme-coin-jumps-on-hints-of-upcoming-etf-launch/