Canary Capital has filed to register the Canary Trump Coin ETF with the Delaware State Department, indicating continued interest in traditional financial products linked to memecoins. This ETF aims to track the Trump Coin, which has a market capitalization of approximately $1.9 billion, ranking it 49th among all cryptocurrencies and fifth among memecoins. The ETF's formal filing with the SEC is expected to take several months. In the context of memecoins, the crypto sector currently surpasses an $82 billion market cap, although the hype has diminished since earlier in 2025 due to concerns about potential scams. Meanwhile, memecoins like Dogecoin have already seen several ETF filings under review by the SEC. Experts view the establishment of memecoin-based ETFs as a potentially bold move that could enhance both liquidity and mainstream acceptance for these types of cryptocurrencies.

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