Canary Capital filed to create a TRUMP ETF, making it the third such firm to attempt this feat. However, Canary is using a different structure than the previous efforts, which could make this product more lucrative.

However, ETF analyst Eric Balchunas claimed that this product cannot meet the requirements for a ’40 Act ETF. Therefore, the SEC’s reaction could serve as a useful barometer for its overall outlook.

A New TRUMP ETF?

Trump’s eponymous meme coin has inaugurated a new era for crypto in 2025, with a new paradigm of friendlier regulations. Naturally, this has included a wave of ETF applications, many of which focus on some pretty esoteric altcoins. Today, Canary Capital is once again joining this trend with a new TRUMP ETF filing:

As it turns out, Canary isn’t the first firm to propose a TRUMP ETF; Rex Shares and Tuttle Capital attempted to create it in January 2025. Still, there’s a sea of MAGA and Trump-branded ETFs on the market right now.

The President’s own media company is even filing for

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Author: Landon Manning