Canary Capital has submitted the first S-1 registration statement for a Trump Memecoin Exchange-Traded Fund (ETF) in the SEC on 26 August.
The “Canary Trump Coin ETF” application is a deviation from earlier investment fund tracks, using Form S-1 under the 1933 Securities Act instead of the N-1A Investment Company Registration form used by competitors Tuttle Capital and Rex Osprey.
Form S-1 registration statements enable companies to register ETFs that follow the spot prices of underlying assets, while N-1a forms apply to investment companies that set up investment funds.
The distinction positions the Canary product as a traditional ETF structure instead of a vehicle with investment companies. The company registration framework makes traditional ETF mechanics possible and ensures compliance with the established securities laws.
Rex Osprey submitted initial N-1A statements for a Trump ETF in January, followed by the proposals from Tuttle Capital for leverage funds with multiple memecoins, including Trump and Melania tokens. Tuttle changed his applications in July and focused on a possible launch date on July 16.
Last ETF movement
Canary recorded the ‘Canary Trump Coin ETF’ entity in Delaware on 13 August, according to the state registers, signaling preparation for the formal SEC that applied two weeks later.
The Delaware recording usually precedes the launch of ETFs, which demonstrates institutional involvement in the product structure.
The Trump Coin ETF -entering the newest step in the wider crypto ETF strategy of Canary Capital.
The company submitted plans for a Canary American-Made Crypto ETF on 25 August, aimed at digital assets with domestic tires.
The proposed fund follows the Made-in-America Blockchain index, aimed at cryptocurrencies developed in the US, tokens Minted in their own country and networks with activities established in the US.
Coingecko estimates that crypto assets of the VS-Origin represent a market value of more than $ 520 billion, including projects such as XRP, Solana, Cardano, Chainlink, Stellar, Avalanche, Hedera and Sui.
The American ETF is intended to generate additional income through network validation processes, including expansion and transaction verification.