Yes

>>Canary Capital submits an S‑1 filing for a PEPE ETF as the meme‑coin competition widens.

Canary Capital submits an S‑1 filing for a PEPE ETF as the meme‑coin competition widens.

crypthub

about 24 hours ago

ETF Proposal

Canary Capital Group filed with the SEC to launch an exchange‑traded fund that tracks PEPE, an Ethereum‑based meme coin. The product would give investors direct exposure to PEPE in a regulated vehicle. The filing follows earlier proposals for other niche tokens such as Mog Coin and Pudgy Penguins.

Fund Structure

The proposed Canary PEPE ETF would hold the PEPE token itself, similar to existing spot crypto ETFs. Shares would be issued in baskets of 10,000 units, with up to 5 % of assets retained in Ethereum to cover transaction fees, not for investment. Details on the listing exchange, benchmark, or custodian were not disclosed.

Market Reception

Investor demand for meme‑coin ETFs remains weak; Dogecoin is the only meme coin with active U.S. ETFs and total net inflows are modest at $7.64 million. Daily trading volume across these funds hovers near $209 000, reflecting limited enthusiasm. The PEPE filing generated little price movement, indicating cautious trader sentiment.

PEPE Price Outlook

At the time of reporting, PEPE traded around $0.000000348, down 5.59 % in 24 hours. The muted reaction underscores the slow adoption of meme‑coin ETFs despite ongoing product experimentation. Future uptake may depend on broader market confidence in niche digital assets.