Summary
- Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot ETF tied to the meme coin PEPE.
- The filing for a spot PEPE ETF comes as the universe of crypto ETF products expands into meme coins following the approval of Bitcoin and Ethereum ETFs.
- According to the filing, PEPE is a meme coin launched in April 2023 with a total supply of more than 420 trillion tokens and no separate practical utility.
Forecast Trend Report by Period
Asset manager Canary Capital is seeking to launch a spot exchange-traded fund based on the meme coin PEPE.
Canary Capital filed an S-1 registration statement with the U.S. Securities and Exchange Commission to list an ETF tracking PEPE's spot price, The Block reported on April 8.
The filing comes as crypto ETF offerings expand into meme coins following the approval of Bitcoin and Ether ETFs.
Canary Capital has previously filed for ETFs tied to MOG and Pengu.
According to the filing, PEPE is a meme coin launched in April 2023 with a total supply of more than 420 trillion tokens. It said the token has no separate practical use.
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