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A second filing, called the 19b-4 and filed by the listing exchange, is needed to make the application official.If approved, the fund would offer investors exposure to TRUMP through traditional brokerage accounts, without requiring them to self-custody the digital asset.The move by Brentwood, Tennessee-based Canary Capital comes amid a shifting crypto regulatory landscape under the Trump administration. Recently, following the success of spot bitcoin, ether and solana ETFs, many other such vehicles have been proposed, including Dogecoin (DOGE), Chainlink (LINK) and Cardano (ADA).The filing candidly describes the memcoin as a class of cryptocurrency that "has no identified blockchain-based utility beyond its branding and association with President Donald J. Trump, and its market value is primarily driven by political affiliation, cultural relevance and online community sentiment."It also notes that since its launch in January 2025, the token's value has been directly associated with President Trump, making it "both a political statement and a digital collector's item."The TRUMP memecoin, which briefly exceeded $27 billion in reported market value shortly after launch, currently trades around $1.67 billion. The filing warns of extreme volatility, potential regulatory scrutiny, and the possibility of investors losing their entire principal.However, if approved, the SEC's decision on the Canary TRUMP Coin ETF will be a landmark one, potentially setting a precedent for how the agency views ETFs tied to highly speculative, politically-linked, and community-driven digital assets.Read more: Canary Capital's ETF Plans Took Shape Thanks to TrumpTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,487.50 -8.50 (-0.13%)Dow Futures45,703.00 +61.00 (+0.13%)Nasdaq Futures23,553.25 -75.50 (-0.32%)Russell 2000 Futures2,386.90 +7.20 (+0.30%)VIX14.85 +0.23 (+1.57%)Gold3,447.50 -1.10 (-0.03%)PortfolioSign in to access your portfolioSign inTop gainersMDB MongoDB, Inc. 295.70 +81.36 (+37.96%)SATS EchoStar Corporation 58.76 +7.89 (+15.51%)NCNO nCino, Inc. 32.69 +4.00 (+13.94%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)PCT PureCycle Technologies, Inc. 14.86 +1.26 (+9.26%)Top losersTIGR UP Fintech Holding Limited 11.57 -1.25 (-9.75%)NEGG Newegg Commerce, Inc. 60.89 -6.14 (-9.16%)LI Li Auto Inc. 22.60 -2.05 (-8.32%)KNF Knife River Corporation 82.76 -7.39 (-8.20%)SMMT Summit Therapeutics Inc. 24.81 -2.17 (-8.06%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 +0.06 (+0.50%)OPEN Opendoor Technologies Inc. 4.0200 -0.6800 (-14.47%)NVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)PSNYW Polestar Automotive Holding UK PLC 0.4700 +0.3100 (+193.75%)NIO NIO Inc. 6.34 -0.36 (-5.37%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)CRWD CrowdStrike Holdings, Inc. 422.61 +5.01 (+1.20%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)SNOW Snowflake Inc. 200.39 +6.04 (+3.11%)CRWV CoreWeave, Inc. 96.93 +5.54 (+6.06%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.