Canary Capital’s Trump Coin ETF Filing: Can a Meme Coin Really Enter Wall Street?

In early October 2025, an unexpected event shook the financial world when a meme coin inspired by U.S. president reached Wall Street. Canary Capital, an investment firm known for its work with exchange-traded funds (ETFs), proposed a Trump Coin ETF (TRPC). This move aims to introduce the Official Trump Coin, a politically themed cryptocurrency, into the realm of regulated investments.

Canary Trump Coin ETF has been listed on DTCC.

 

This proposal has sparked both excitement and skepticism. Some people view it as a creative way to blend digital culture with traditional finance, while others are concerned it might be more hype than anything substantial. The main question now is whether this ETF will legitimize meme coins or become just another short-lived financial experiment.

What Is the Trump Coin ETF?

An ETF, or exchange-traded fund, allows investors to buy shares that represent an asset, in this case, the Trump Coin without directly owning it. If approved by the U.S. Securities and Exchange Commission (SEC), this ETF would let traditional investors gain exposure to Trump Coin through regulated stock exchanges. That means anyone with a brokerage account could invest, even without using a crypto wallet or trading on decentralized exchanges.

The Trump Coin ETF proposal, filed on October 8, 2025, is currently under SEC review. Canary Capital has invited public and institutional comments before the next stage of approval. The goal is to make meme coins more accessible, improving liquidity (ease of buying and selling) while giving traders a regulated way to speculate on politically themed crypto assets.

 

Key Details	Description
ETF Name	Trump Coin ETF
Ticker Symbol	TRPC
Filed By	Canary Capital
Filing Date	October 8, 2025
Underlying Asset	Official Trump Coin (TRUMP)
Current Price (as of filing)	$7.56
Market Trend	Down 3.14% weekly & daily 2.4%
Regulatory Body	U.S. SEC

 

At the time of the filing, Trump Coin’s market performance showed mixed signals. It was slightly up for the day but had dropped over the past week. Analysts noted a bearish trend, suggesting sellers were in control. Despite that, the filing sparked new optimism among traders who believe a successful ETF could lift prices and attract institutional capital.

Meme coins like TRUMP thrive on social energy humor, internet culture, and community-driven hype. They often start as jokes but can grow into billion-dollar assets, as seen with Dogecoin and Shiba Inu. However, these coins are known for their volatility. Prices can surge or crash within days, depending on trends and public sentiment. Canary Capital’s proposal tries to bridge that gap by presenting a regulated entry point for investors. By classifying Trump Coin as a commodity instead of a security, the firm aims to avoid the stricter rules that apply to most tokens. This move could make approval easier, but it also raises questions about oversight and the risks of politicizing finance.

Some investors see this as a smart strategy that could bring meme coins closer to mainstream adoption. Others view it as risky, pointing out recent issues in the political token space, such as WLFI’s frozen wallets and DJT’s leveraged trading problems. These incidents show how quickly enthusiasm can turn into instability.

Reactions to the Trump Coin ETF have been intense. Social media platforms like X (formerly Twitter) and YouTube are filled with debates. Supporters argue that this could be the next big step for crypto turning what began as internet humor into a legitimate asset class. Some analysts predict that if approved, Trump Coin could rise by up to 50%, following classic technical patterns that hint at recovery. Skeptics, however, warn that the enthusiasm could fade fast if the SEC rejects the filing or if the broader crypto market weakens. The bearish signals on Trump Coin’s charts, combined with recent controversies involving similar projects, make some traders hesitant to join the rally.

Memecoins Meet Wall Street

This filing represents more than a single ETF; it highlights how traditional finance is beginning to take meme-driven markets seriously. In 2025, meme coins collectively hold over $50 billion in market capitalization, and their growing influence is hard to ignore. Bringing them into regulated investment structures could attract new investors who have stayed away from direct crypto trading due to complexity or security concerns.

If the Trump Coin ETF is approved, it could open the door for other themed tokens, political, cultural, or even entertainment-based to follow. This might also pressure traditional institutions to innovate faster in response to investor demand for alternative assets. However, the risks remain significant. Political tokens can be unpredictable, heavily influenced by current events and public sentiment. Regulation could also tighten if these assets are seen as tools for speculation or manipulation.

 

Possible Outcomes	Impact
ETF Approval	Increases accessibility and liquidity; potential 50–100% short-term price growth
ETF Rejection	Price decline due to reduced investor confidence
Long-Term Success	Could legitimize meme coins and attract institutional investors
Failure or Scandal	May trigger stricter regulation and loss of credibility for political tokens

Canary Capital’s Trump Coin ETF filing captures a unique moment in crypto’s evolution, the meeting point between internet culture, politics, and Wall Street. It could either mark the start of a new era for meme-based investing or stand as a reminder of how unpredictable the fusion of finance and entertainment can be. As regulators deliberate and traders watch closely, one thing is clear, the line between memes and markets has never been thinner.