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Trump Coin ETF registration
Key Points:* Canary Capital registers meme-coin ETF, targeting institutional investors in the U.S.
Canary Capital’s Historic Meme-Coin ETF Registration
Canary Capital has taken a pioneering step by registering the CANARY TRUMP COIN ETF in Delaware. This move signifies a strategic effort to bring meme-coin exposure into regulated markets, marking a first for U.S.-based institutional products involving such tokens. Canary aims to unlock new speculative channels for investors but remains at an early registration stage.
Accurate as of now, the TRUMP token’s registration has led to notable market activity. An increase in the token’s price to $9.63 resulted in a market capitalization boost to $1.9 billion. This positions TRUMP among the top five meme coins and marks it as a top 50 global crypto asset. Industry figures, including Eric Balchunas, emphasize the structural implications, noting the ETF registration’s importance under the Securities Act of 1933.
Reactions from investors and the broader crypto community have been swift.
Trump Coin Market Dynamics and Regulatory Outlook
Did you know? The registration reflects a strategic precedent, as earlier meme-coin ETF proposals have stalled, marking a pivotal moment in gaining potential regulatory acceptance.
According to CoinMarketCap, OFFICIAL TRUMP’s current price is $9.66. With a market cap of $1.93 billion, it holds a 0.05% market dominance. Its fully diluted market cap reaches $9.66 billion, paired with a 24-hour trading volume surge of 63.76%, totaling $1.03 billion. Prices changed by 3.97% over 24 hours and 8.87% in seven days, while 90-day performance shows a decline of 25.39%.
| | | --- | | DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |