Canary Capital Files for PEPE ETF, Expanding Meme Coin Exposure

[madtrader]

Canary Capital has officially filed with the U.S. Securities and Exchange Commission to launch a spot ETF tracking Pepe Coin, signaling growing institutional interest in meme-based digital assets. The proposed ETF would directly hold PEPE tokens, similar to how Bitcoin and Ethereum spot ETFs operate, offering investors regulated exposure without needing to hold the asset themselves.

The filing also reveals that up to 5% of the fund may temporarily be held in Ethereum to cover transaction fees, though not for investment purposes. This move reflects a broader trend of asset managers experimenting with new crypto products, even as meme coins remain highly volatile and speculative compared to more established digital assets.

[johnblockbuster]

institutional adoption but make it meme coins