Canary Capital seeks regulator’s approval for an ETF tracking MOG
Canary Capital filed for a new ETF tracking the price of the lesser-known memecoin, MOG Coin, pending SEC approval.Summary
Investment firm Canary Capital has filed a registration statement with the Securities and Exchange Commission (SEC) for the Canary MOG ETF, which aims to track the price of MOG Coin, a lesser-known memecoin on the Ethereum network.
MOG Coin is ranked 339 by market capitalization, nearly $170 million, and is described in the filing as both a cultural statement and a digital collector's item due to its association with the 'Mog' meme culture.
This proposed ETF follows Canary Capital's recent launches of crypto ETFs tracking Litecoin and HBAR, with another tracking XRP set to launch soon. The article notes that firms have been filing for various crypto ETFs amid a generally friendlier regulatory environment, especially since President Donald Trump appointed crypto-friendly regulator Paul Atkins to lead the SEC.
(Source：The Block)