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The highly volatile tokens can offer outsized returns but come with risks.The $TRUMP coin was launched three days before the president's inauguration in January. It took off on social media, and a Reuters analysis in July found that major crypto exchanges rushed to list it far faster than other meme tokens.The token has also come under criticism from some ethics experts, who argue it presents a serious conflict of interest for Trump, and from business leaders who say memecoins undermine the credibility of the crypto industry.The White House, however, has denied wrongdoing, stating that the president's assets are held in a trust managed by his family and that there is no conflict of interest."The Trump memecoin ETF proposal exemplifies the speculation that is distracting from blockchain's real potential," said David Roos, partner at venture capital firm Core Innovation Capital.Canary said its ETF would give investors exposure to the memecoin without having to hold it directly, which it said could be more efficient for some.It did not disclose the fees it expects to charge on the ETF, or the exchange on which the ETF will be listed.Its latest filing came just a day after it filed for another U.S.-focused crypto ETF.(Reporting by Niket Nishant in Bengaluru; Editing by Sahal Muhammed and Vijay Kishore)Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,481.25 -14.75 (-0.23%)Dow Futures45,650.00 +8.00 (+0.02%)Nasdaq Futures23,529.75 -99.00 (-0.42%)Russell 2000 Futures2,383.00 +3.30 (+0.14%)VIX14.85 +0.23 (+1.57%)Gold3,446.00 -2.60 (-0.08%)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%)SNOW Snowflake Inc. 200.39 +6.04 (+3.11%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)CRWV CoreWeave, Inc. 96.93 +5.54 (+6.06%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.