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Canary Capital Group’s proposed “Canary TRUMP Coin ETF” has been listed on the U.S. Depository Trust & Clearing Corporation (DTCC) platform under the ticker symbol TRPC, according to regulatory filings released between October 7 and 8.
LATEST: Canary $TRUMP Coin ETF is now listed on the DTCC platform. pic.twitter.com/YaGz4pqtAq
— crypto.news (@cryptodotnews) October 9, 2025
The ETF tracks the price of the Solana-based meme cryptocurrency “TRUMP token”, inspired by U.S. President Donald Trump. Filed with the U.S. Securities and Exchange Commission (SEC) in August 2025, the ETF is structured as a spot crypto ETF, designed to give institutional investors exposure to the TRUMP token without directly holding digital assets.
Political Meme Coins Enter Regulated Markets
The TRUMP token, despite an 80% drop from its January peak, currently maintains a market capitalization of approximately USD 1.9 billion. Its inclusion in DTCC’s system marks a pivotal moment, signaling that politically themed meme coins are shifting from internet subcultures into regulated financial products.
Earlier, the Dogecoin (DOGE) ETF set a strong precedent, logging USD 18 million in trading volume on its first day of trading, highlighting growing investor appetite for unconventional crypto assets.
Following the DTCC listing announcement, the TRUMP token’s trading volume surged 58% within 24 hours, and its price rose 4.64% to USD 9.63, suggesting rising market optimism.
Regulatory Approval Remains the Key Hurdle
Despite the listing, inclusion on DTCC does not guarantee SEC approval. The U.S. securities watchdog has delayed decisions on several altcoin-based ETFs , including those tied to Solana (SOL) and Ripple (XRP) , over liquidity, custody, and market manipulation concerns, with final decisions expected by October 2025.
The lack of a regulated futures market for TRUMP tokens could also pose a challenge for spot ETF approval.
However, the SEC’s recent reclassification of meme coins as non-securities might ease direct oversight and potentially accelerate the approval process.
Analysts warn, though, that the ETF’s political nature adds complexity to the review. While Bloomberg analysts estimate a 95% approval probability for mainstream crypto ETFs like Solana and XRP, they have not provided a projection for the TRUMP Coin ETF due to its unique characteristics.
If approved, the ETF would represent a landmark convergence of politics, finance, and blockchain innovation, bringing meme-driven digital culture into Wall Street’s institutional investment sphere.
