Canary Capital Files For Spot TRUMP Coin ETF, Price Jumps Over 2%

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Key Insights:

  • Canary Capital submitted a prospectus with the SEC to approve an OFFICIAL TRUMP coin ETF.
  • Bloomberg ETF analysts Eric Balchunas and James Seyffart doubt the ETF would get approved due to a lack of futures market.
  • TRUMP Coin price climbed 2% to $8.35 (press time), with massive buying in TRUMP futures in the derivatives market.

Canary Capital on Tuesday said it has filed for an OFFICIAL TRUMP coin ETF with the U.S. Securities and Exchange Commission (SEC). This marks the third exchange-traded fund (ETF) for TRUMP Coin, the first under the Securities Act of 1933.

As a result, TRUMP coin price climbed nearly 2% to $8.35 as traders reacted immediately to the announcement.

Canary Submits S-1 for TRUMP Coin ETF with the US SEC

According to an S-1 filing with the U.S. SEC dated August 26, Canary Capital submitted an application for a spot TRUMP crypto ETF. The latest filing did...

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