Canary Capital Readies $TRUMP ETF Filing Amid 2026 Approval Race

- The $TRUMP Coin ETF could redefine crypto investment. - Canary Capital leads the charge with a regulatory submission. On August 26, 2025, Canary Capital filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). The filing signals the firm's intent to launch an exchange-traded fund (ETF) tied to the $TRUMP meme coin. This ETF, which would trade under the proposed ticker "MRCA," would be the first crypto fund to track a meme coin's spot price. This landmark move underscores a growing trend of integrating niche cryptocurrency assets into traditional financial markets. Earlier ETF offerings focused mainly on Bitcoin, Ethereum, or blockchain-themed indices. In contrast, the "Canary Trump Coin ETF" uniquely targets a prominent meme asset. Analysts speculate this step could encourage mainstream adoption of unconventional digital tokens through regulated financial vehicles. This filing is part of a broader wave of U.S.-focused cryptocurrency ETF applications this week, which includes Canary Capital’s separate "American-Made Crypto ETF" initiative. That fund aims to track an index of cryptocurrencies developed domestically, including XRP, Solana, and Chainlink. The U.S.-based crypto market is valued at over $520 billion, suggesting a significant demand for region-specific digital asset portfolios. According to ETF analyst Eric Balchunas, the burgeoning field of crypto ETFs highlights increased market innovation. Balchunas noted that meme coins, despite their polarized reputation, are aligning with the trajectory of actively managed funds. He believes the SEC could greenlight meme coin ETFs as early as 2026, though any approval depends on rigorous review and approval processes. Meanwhile, shifting regulations continue to shape strategy for cryptocurrency asset management. Canary Capital’s S-1 submission shows its commitment to the SEC's framework. Spot ETFs, which track the real-time value of their underlying assets, remain particularly challenging to pass through regulatory scrutiny, making the potential approval of the $TRUMP ETF an intriguing development to watch. As of 21:14 UTC on August 26, the Official Trump ($TRUMP) coin traded at $8.47, marking a 4.838% change over the previous 24 hours.