Canary Capital Launches Proposal for $PEPE ETF, Offering Regulated Exposure to Meme-Based Cryptocurrency

Canary Capital, a digital asset investment firm, has submitted a registration statement with the US Securities and Exchange Commission (SEC) to launch a $PEPE ETF.

The proposed product aims to track the price of the $PEPE token through direct holdings, providing regulated exposure to a meme-based cryptocurrency. This structure allows investors to access the market for $PEPE without directly acquiring or holding the token, thus minimizing potential risks and barriers associated with its ownership.

The filing highlights the speculative nature of meme tokens, including limited historical data and potential market manipulation risks. Despite these concerns, Canary Capital's proposal reflects a broader trend among asset managers to expand crypto investment vehicles into niche and high-volatility digital assets.