Trump Coin Announces Upcoming Third ETF: A Historic First Pure Spot ETF

This article does not offer investment advice. The author holds no positions in the stocks referenced.

Overview of the $TRUMP Meme Coin

The $TRUMP meme coin has generated significant debate since its launch. Critics of former President Trump often label the coin a self-serving scheme, potentially facilitating money laundering and reflecting Ponzi-like characteristics. Conversely, supporters view it as a unique opportunity to unite a community of traders and investors galvanized by Trump’s influence and persona.

Wall Street’s Trendy Embrace of Meme Coins

Wall Street’s history of capitalizing on popular trends is well-documented, and the $TRUMP meme coin exemplifies this ongoing phenomenon. Its impending introduction of a third ETF underlines this trend.

This is the 3rd TRUMP Coin ETF filing. But the first pure 33 act spot filing. The first two were from @TuttleCapital and @REXShares/ @OspreyFunds

— James Seyffart (@JSeyff) August 26, 2025

The Canary Trump Coin ETF

The upcoming Canary Trump Coin ETF, pending SEC approval, promises to be the first spot ETF for the $TRUMP meme coin, marking a significant milestone in its market presence. This initiative by Canary Capital highlights their strategic focus on cryptocurrencies connected to American production and operations, evidenced by their application for the Canary American-Made Crypto ETF (MRCA).

Emission History and Market Dynamics

Initially made available in January 2025, 100 million $TRUMP coins were sold to the public, while another 100 million were allocated to establish a liquidity pool. Over the next three years, the total supply is projected to expand to a billion tokens.

As of now, approximately 682.34 million $TRUMP coins are secured and inactive, controlled by CIC Digital LLC, an affiliate of the Trump Organization, in collaboration with the Delaware-based Fight Fight Fight LLC. These organizations accrue transaction revenues through the buying and selling of $TRUMP tokens.

Current Market Performance

Currently, the $TRUMP meme coin boasts a market capitalization exceeding $1.6 billion, with a fully diluted valuation of approximately $8.3 billion.

Controversy and Global Interest

The meme coin attracted notable controversy in May when President Trump hosted a gathering for the 220 leading holders of the $TRUMP coin. This event garnered attention from international investors, including a little-known Chinese firm that, despite reporting zero revenues and a mere eight employees, managed to raise enough capital to secure 300 million $TRUMP coins.

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