Canary Capital files spot PEPE ETF application with SEC
The Block
Canary Capital has filed an S-1 application with the SEC to launch an exchange-traded fund tracking the spot price of the PEPE memecoin.Summary
Investment firm Canary Capital has officially submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot PEPE exchange-traded fund (ETF). The move follows the firm's previous applications for ETFs tied to other memecoins, such as MOG and Pengu. While the SEC has recently approved ETFs for major assets like Bitcoin and Ethereum, the proposal for PEPE—a memecoin explicitly described as having no utility—tests the boundaries of regulatory acceptance for niche crypto-asset funds.
(Source：The Block)