Canary Capital has taken a significant step forward in its crypto ETF expansion by filing an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Trump Coin ETF. The filing comes just one day after Canary submitted paperwork for its “American-made Crypto ETF,” which could also include investments in Trump coin.
According to the SEC filing, the Trump Coin ETF will provide institutional investors with exposure to the Solana-based meme coin that has direct associations with U.S. President Donald Trump. While CSC Delaware Trust Company has been appointed as the trustee, the filing does not yet disclose who will serve as the custodian.
With the S-1 form now in place, the next step will involve an exchange submitting a 19b-4 filing to allow trading of the ETF’s shares. This move will officially launch the SEC’s review process, which will determine whether the ETF is approved or rejected.
The Trump coin has reacted positively to the news, gaining nearly 2% in the last 24 hours to trade at around $8.34, according to TradingView data. Market observers suggest that the filing could boost demand for TRUMP, given the growing institutional interest in meme coin ETFs. 
Bloomberg analyst James Seyffart described Canary’s filing as the first “pure 1933 Act spot filing” for Trump coin. Previous filings by Rex-Osprey and Tuttle were made under the 1940 Act, making this a key milestone for the meme coin’s ETF ambitions.
Notably, Trump coin is now the third meme coin with a 1933 Act ETF application. Canary has also filed for a PENGU ETF, while Grayscale and Bitwise are pursuing Dogecoin ETFs. Both Dogecoin and PENGU applications are further along in the SEC review process and may receive approval as early as October—alongside other crypto ETFs, such as Solana and XRP.
This surge of ETF filings highlights the growing momentum in the crypto market as asset managers race to bring innovative investment products to institutional investors. For Trump coin, Canary’s S-1 filing not only validates its market presence but also positions it in the expanding wave of meme coin ETFs gaining regulatory attention.
