Canary Capital Seeks SEC Approval for PEPE Tied ETF

The US Securities and Exchange Commission (SEC) is facing another request to approve a novel exchange-traded fund (ETF). Canary Capital has submitted a proposal to launch an ETF tied to the spot price of PEPE, a meme coin that has gained significant market attention.

According to the filing, the proposed ETF would track the market price of PEPE directly. This move marks another attempt to expand crypto investment products beyond major digital assets such as Bitcoin and Ethereum.

The proposal reflects a wider trend of issuers testing the regulatory boundaries of crypto ETFs under a more accommodating stance from US regulators.