In the dusty plains of the financial world, where the winds of speculation howl like a lonely coyote, Canary Capital has planted its flag in the fertile soil of Delaware. “Canary Trump Coin ETF,” they call it-a name that rolls off the tongue like a bad joke at a family reunion. 🌽💨
According to the Delaware Division of Corporations, this new entity was officially registered on August 13. Just another day in the life of asset managers, who shuffle papers like farmers sow seeds, hoping something will grow. This is often the first step before they march their plans to the grand temple of the U.S. Securities and Exchange Commission. 📜✨
Next, they’ll file an S-1 form, along with a 19b-4 form-a bureaucratic dance as old as time itself. These filings are the golden tickets needed before a fund can strut its stuff on a U.S. exchange. 🎟️💃
“TRUMP” Memecoin: A Rollercoaster Ride with No Seatbelts 🚀
The news of the ETF registration sent shockwaves through the trading pits, where the Trump Coin meme coin, a wild stallion on the Solana blockchain, reared its head. CoinMarketCap tells the tale: trading volume surged a whopping 94% in just 24 hours. The price, too, got a kick in the pants, rising 4% to a modest $9.50 on a volume of $870 million. 🤑📈
Over the past week, the token has shown the resilience of a cockroach in a nuclear winter, climbing 7.18%. A general rally in the crypto market has given it a helping hand, like a stranger offering a light for your cigarette. 🦗💨
But let’s not forget, TRUMP is still a long way from its glory days. Its all-time high of $75, reached in January shortly after launch, feels like a distant memory. Since then, it’s tumbled over 64%-a fall as dramatic as a soap opera plot twist. 🧨💔
Meme Coin ETFs: When Wall Street Meets the Circus 🎭
Canary Capital’s Trump Coin venture is just the latest act in the growing circus of meme coins turned ETFs. Grayscale, Bitwise, and 21Shares have already thrown their hats into the ring with Dogecoin ETFs. Even Canary Capital has dabbled in the absurd, filing for a PENGU ETF in the past. It’s as if the financial world has decided to embrace its inner clown. 🤡💼
So, here we are, in a world where meme coins and ETFs collide like a train wreck you can’t look away from. Will it end in triumph or tragedy? Only time will tell. But one thing’s for sure: the show must go on. 🎪✨
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2025-08-13 23:15