“If Approved, The Sec’s Decision on Trump Token ‘s etf Could Set a Precedent for Fur Future Etfs Tied to Political-Linked Digital Assets.”, – WRITE: www.coindesk.com
The Proped “Canary Trump Coin Etf,” Submitted in An S-1 Filing on Tuesday, Marks A Bold Move to Bring One of the MOST PROMINENT AND VALLATILE POLITICALLYTYT. A Second Filing, Called The 19B-4 and Filed by the Listing Exchange, is Needed to Make the Application Official.
If Approved, The Fund Wuld Offer Investors Exposure to Trump Through Traditional Brokerage Accounts, Without Requiring at Self-Custdy The Digital Asset.
The Move by Brentwood, Tennesse-Based Canary Capital Comes Amid A Shifting Crypto Regulatory Landscape Under the Trump Administration. Recently, Following the Success of Spot Bitcoin, Ether and Solana Etfs, Many Other Such Vehicles Have Been Proped, Including Dogecoin Doge$ 0.2191Chainlink LINK$ 24.29 and Cardano Ada$ 0.8661.
‘Extreme volatility’The Filing Candidly Describes the Memcoin As A Class of Cryptocurrency That “HAS NO IDENTIFIED BLOCKCHAIN-BASED Utility Beyond ITS Branding and Association With President J. Trum) Driven by Political Affiliation, Cultural Relevance and Online Community Sentiment. ”
It Also Notes that Since Its Launch in January 2025, The Token’s Value Has Been Directly Associated with President Trump, Making IT “Both a Political Statement and A Digital Collect
The Trump Memecoin, Whofly Exceeded $ 27 Billion in Reported Market Value Shortly After Launch, Currently Trades AROUND $ 1.67 Billion. The Filing Warns of Extreme Valativity, Potential Regulatory Scrutiny, and The Possibility of Investors Lozing Their Entire Principal.
However, if Approved, The Sec’s Decision on the Chanary Trump Coin etf Will Be a LandMark One, Potentilly Setting a Precedent for How The Agency Views etfs Tied to Highly, Polit. Community-Driven Digital Assets.
Read More: Canary Capital’s etf Plans Took Shape Thanks to Trump
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Investment Bank Roth Capital Said the Move Had the Potential to “Material Re-Rate the Stock.”
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