Trump Coin ETF Filed by Canary Capital Amid $82B Memecoin Market

- Canary Capital filed to register an ETF for Trump Coin on August 13, 2025. - The memecoin has a $1.9 billion market capitalization, ranking 54th among cryptocurrencies. On August 13, 2025, Canary Capital registered an exchange-traded fund (ETF) for Trump Coin (TRUMP) in Delaware, signaling the firm's intent to launch a spot ETF for the memecoin. As a cryptocurrency inspired by former U.S. President Donald Trump, Trump Coin represents a significant push for memecoins into the mainstream financial system. Furthermore, the registration indicates that Canary Capital will likely follow with a formal filing to the U.S. Securities and Exchange Commission (SEC), a notable step toward integrating decentralized assets with traditional investment mechanisms. Trump Coin holds a market capitalization of $1.9 billion, making it the 54th largest cryptocurrency, and within the memecoin category, it ranks as the fifth largest, trailing only major players like Dogecoin. The total market valuation for all memecoins now stands at over $82 billion, a figure that illustrates sustained investor interest and growing potential despite a slowdown in the broader memecoin craze earlier this year. The filing for a Trump Coin ETF extends the trend of advancing memecoin-focused financial products. This follows earlier moves in January 2025, when asset managers Osprey Funds and REX Shares filed applications for a TRUMP ETF shortly after the token's release. Although these applications are still pending, they have nonetheless increased the visibility and interest in financial products tied to memecoins. This memecoin ETF wave is not restricted to Trump Coin, as asset managers have diversified their efforts. For instance, industry leaders like Grayscale, Bitwise, and REX-Osprey have filed for Dogecoin ETFs. Additionally, an unnamed asset manager submitted an application for a BONK ETF in January, which sparked curiosity about the possibility of leveraged versions of BONK ETFs. These collective movements reflect a growing demand to blend blockchain-based assets with regulated financial instruments. Optimism for ETF approvals is fueled by the SEC's classification of memecoins as commodities. Earlier in 2025, Dmitrij Radin, founder of Zekret and CTO of Fidium, remarked that memecoin ETFs could introduce “more liquidity and mainstream acceptance to memecoins.” The likelihood of approval appears promising, particularly as the current SEC administration shows more crypto-friendly tendencies. According to CoinMarketCap on August 13, Official Trump (TRUMP) was trading at $9.655 as of 23:49 UTC. The data also showed that its 24-hour trading volume had increased by 4.646%.