Canary Capital filed the first S-1 registration statement for a TRUMP memecoin exchange-traded fund (ETF) with the SEC on Aug. 26.

The “Canary Trump Coin ETF” filing marks a departure from earlier mutual fund approaches, utilizing Form S-1 under the 1933 Securities Act rather than the N-1A investment company registration form used by competitors Tuttle Capital and Rex Osprey.

Form S-1 registration statements enable corporations to register ETFs that track the spot prices of underlying assets, whereas N-1A forms apply to investment companies establishing mutual funds.

The distinction positions Canary’s product as a traditional ETF structure rather than an investment company vehicle. The corporate registration framework enables traditional ETF mechanics while ensuring regulatory compliance with established securities laws.

Rex Osprey filed initial N-1A statements for a TRUMP ETF in January, followed by Tuttle Capital’s proposals for leveraged funds featuring multiple memecoins, including TRUMP and MELANIA tokens. Tuttle amended its applications in July, targeting a potential launch date on July 16.

Latest ETF move

Canary incorporated the “Canary Trump Coin ETF” entity in Delaware on Aug. 13, according to state records, signaling preparation for the formal SEC filing two weeks later.

The Delaware incorporation typically precedes the launch of ETFs, demonstrating institutional commitment to the product structure.

The TRUMP coin ETF filing marks the latest move in Canary Capital’s broader crypto ETF strategy.

The firm submitted plans for a Canary American-Made Crypto ETF on Aug. 25, targeting digital assets with domestic ties.

The proposed fund tracks the Made-in-America Blockchain Index, focusing on cryptocurrencies developed in the US, tokens minted domestically, and networks with US-based operations.

CoinGecko estimates that US-origin crypto assets represent a market value exceeding $520 billion, including projects such as XRP, Solana, Cardano, Chainlink, Stellar, Avalanche, Hedera, and Sui.

The American-Made ETF aims to generate additional income through network validation processes, including staking and transaction verification.

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Canary Capital has registered a Trump Coin ETF in Delaware, a move that signals plans to launch a spot exchange-traded fund (ETF) tracking the memecoin.

The entity, “Canary Trump Coin ETF,” was incorporated on Aug. 13, according to state records.

The registration is typically a precursor to filing an S-1 application with the U.S. Securities and Exchange Commission (SEC) and a corresponding 19b-4 form by a listing exchange.

If filed, the fund would be the third spot ETF tied to a meme coin, following applications for Dogecoin products from other major firms. Canary Capital has also filed for a PENGU ETF, making it one of the few U.S. asset managers to pursue multiple altcoin-based ETFs.

The firm’s strategy is unusual in a market where most crypto ETF efforts have centered on blue-chip digital assets such as Bitcoin (BTC) and Ethereum (ETH), with occasional diversification into large-cap layer-1 tokens like Solana (SOL).

By targeting smaller, high-volatility meme coins, the firm is positioning itself in a niche segment often viewed as speculative and outside the mainstream ETF landscape. The firm’s CEO previously stated that the altcoin ETFs are a bet on undervalued digital assets.

The proposed Trump Coin ETF would give institutional investors direct exposure to the Solana-based TRUMP token, potentially injecting additional liquidity into the market and creating a regulated investment channel for what is otherwise a retail-driven asset.

The SEC has previously stated that meme coins are considered commodities, which could simplify the approval process compared to tokens deemed securities.

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Cronos defied a sector-wide downtick on Friday after the crypto asset manager Canary Capital filed for a CRO-based exchange-traded fund (ETF).

CRO is the native asset of the Cronos layer-1 blockchain, which was developed by the exchange Crypto.com.

Canary filed an S-1 Form with the U.S. Securities and Exchange Commission (SEC), proposing an ETF that would offer investors exposure to CRO. If approved, the product would also stake a portion of its CRO holdings to earn rewards.

The new S-1 statement represents the latest in a spree of recent ETF filings for Canary, which is also attempting to launch Solana (SOL), XRP, Sui (SUI), Litecoin (LTC), Axelar (AXL), Hedera (HBAR) and Pudgy Penguins (PENGU) funds.

The SEC greenlit the first spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum (ETH) ETFs for trading last July. Two financial firms, Franklin Templeton and Hashdex, also launched joint BTC-ETH ETFs earlier this year.

CRO is trading at $0.102 at time of writing and is up more than 8% in the past 24 hours. By comparison, the overall crypto market cap slumped by more than 4% over the same period.

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Canary Capital has submitted a fresh application to the U.S. Securities and Exchange Commission (SEC) for a spot Tron exchange-traded fund (ETF) that would include a staking component.

Filed on Friday, the S-1 prospectus outlines the proposed Canary Staked TRX ETF, which aims to offer investors direct exposure to Tron (TRX), the ninth-largest cryptocurrency by market capitalization.

According to the filing, the fund’s investment goal is to track the price performance of Tron while enabling investors to earn additional rewards through staking.

Staking Feature in ETFs Faces Regulatory Scrutiny Amid SEC Hesitation

Staking allows holders of proof-of-stake (PoS) cryptocurrencies to contribute to network security and operations in exchange for periodic rewards.

However, incorporating staking into an ETF has become a point of regulatory contention.

The SEC has yet to approve any ETF that includes staking, citing potential investor risks and operational complexities.

Earlier this week, the agency delayed a decision on whether Grayscale’s proposed spot Ethereum fund can include staking.

Canary Capital, based in Nashville, Tennessee, is among a growing number of firms racing to bring altcoin-focused ETFs to market.

The firm has also filed for ETFs tied to XRP, Sui, and Pudgy Penguins—part of a wider trend spurred by the strong performance of recently approved Bitcoin and Ethereum ETFs.

Since launching in early 2023, the 11 spot Bitcoin funds have attracted over $35 billion in net inflows.

The new filing did not specify which exchange the proposed Tron ETF would list on, leaving that detail for future updates.

TRX, the native token of the Tron blockchain, was trading at around $0.24 at the time of the filing, down 3% over the past 24 hours. However, the token has posted a strong 120% gain over the past year.

Other major players such as BlackRock, Bitwise, VanEck, and 21Shares are also seeking SEC approval for altcoin ETFs, with industry experts pointing to XRP and Solana as the frontrunners for the next potential approvals.

SEC Postpones Rulings on Staking and In-Kind Crypto ETF Rules

Last week, the SEC delayed its decisions on proposed rule changes related to staking features and in-kind creations and redemptions for several cryptocurrency ETFs.

The delay allows the regulator more time to evaluate the implications as its dedicated crypto task force continues work on shaping long-term digital asset policies. Final decisions are now expected later this year.

The SEC’s crypto task force, created to develop clearer regulations for the industry, has already held meetings with several key stakeholders.

In February, executives from Jito and Multicoin Capital met with the agency to push for staking-enabled ETFs that would allow investors to earn yield by locking up crypto assets.

The task force has also reversed many previous enforcement actions targeting crypto firms.

Among the delayed cases are the Grayscale Ethereum Trust and Ethereum Mini Trust, which sought to stake held ETH, and VanEck’s Bitcoin and Ethereum Trusts, which proposed allowing in-kind transactions using crypto instead of cash.

The SEC has extended its deadlines for both proposals to June 1 and June 3, respectively.

The post Canary Capital Files for Spot Tron ETF with Staking Feature appeared first on Cryptonews.

If approved, this would mark the first-ever ETF linked to Sui, a blockchain-based asset with a market capitalization exceeding $7.4 billion, ranking it among the top 25 cryptocurrencies.

The filing adds to Canary Capital’s expanding list of crypto ETF applications, bringing its total submissions to six.

The move also shows a growing wave of ETF proposals targeting a broader range of digital assets, as crypto firms seek regulatory clarity and investment accessibility.

Trump’s Election Sparks Wave of Crypto ETF Filings

Since President Donald Trump’s election in November, ETF filings have surged, reflecting industry optimism that the Securities and Exchange Commission (SEC) may take a more favorable stance toward crypto-related financial products.

Trump’s administration has signaled a shift in crypto regulation, prompting expectations that the SEC’s new leadership could approve a wider range of digital asset ETFs. Already, regulators have dropped enforcement actions against major crypto firms and are considering rolling back stricter custody rules for investment advisors dealing in digital assets.

Crypto ETF Expansion Gains Momentum Beyond Bitcoin and Ether

The race to expand crypto ETF offerings is accelerating. Issuers have already submitted filings for ETFs on at least 10 cryptocurrencies beyond Bitcoin and Ether, which debuted as tradable ETFs in 2024. Among the most sought-after assets for ETF inclusion are Solana and XRP, with six pending applications each.

If Canary Capital’s Sui ETF gains approval, it could pave the way for further diversification in crypto investment products, offering institutional and retail investors a regulated, accessible way to gain exposure to emerging digital assets. The decision now rests with the SEC, whose stance on these applications will shape the next phase of cryptocurrency’s integration into mainstream finance.

The post Canary Capital Group Seeks Approval for Sui-Based ETF appeared first on Cryptonews.