Canary Capital Files SEC Registration for Pepe ETF Product

Canary Capital's move into the world of exchange-traded funds (ETFs) has taken an interesting turn as they filed a registration with the U.S. Securities and Exchange Commission for a Pepe ETF.

The filing marks what appears to be the first attempt in the United States to create a regulated ETF tied to the Pepe memecoin, which holds the fourth-largest market capitalization among memecoins.

This development comes as no surprise given the growing institutional interest in cryptocurrency-based ETF products. The Securities and Exchange Commission has been receiving an increasing number of applications from firms looking to launch similar funds.