Canary Capital Files PEPE Coin ETF Registration Statement with SEC

Canary Capital has submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) for a PEPE Coin exchange-traded fund (ETF). The proposed fund would hold the Ethereum-based meme coin directly, similar to existing spot ETFs.

The prospectus leaves several details unnamed, including the listing exchange, pricing benchmark, and digital asset custodian. However, it does specify that the Trust's investment objective is to provide exposure to the price of PEPE Coin, less expenses and liabilities.

In addition to the PEPE ETF, Canary Capital has also filed for funds tracking other cryptocurrencies, such as Mog Coin (MOG), Pudgy Penguins (PENGU), and Axelar (AXL). Dogecoin is currently the only meme coin with live ETFs in the US, but demand remains limited.