Canary Trump Coin ETF Secures DTCC Listing, Is SEC Approval Underway?

A newly proposed crypto exchange-traded fund tied to Donald Trump’s meme coin has quietly appeared on the DTCC platform under the symbol TRPC.

The listing, secured by Canary Capital Group, marks an early step toward possible launch. According to industry experts, DTCC listings are routine groundwork for ETFs preparing for market entry.

They confirm technical readiness for trading and settlement, but do not guarantee authorization from the U.S. SEC.

By comparison, Canary’s approach eliminates that buffer, giving investors pure exposure to the TRUMP coin’s volatility.

Analysts Cautious About Prospects

Nevertheless, market watchers remain skeptical that the fund will pass the SEC’s scrutiny anytime soon.

Balchunas suggested that TRUMP ETFs could instead eventually feature as part of a diversified ETF, filed under the 1940 Act, rather than as a standalone spot fund.

Fundraising Push Amid Token Price Collapse

The ETF development follows a separate effort to rescue the struggling TRUMP token’s market price

As reported by The Crypto Basic, the Trump coin issuer Fight Fight Fight LLC, under the leadership of Trump supporter Bill Zanker, intends to secure between $200 million and $1 billion in funding. The group plans to build a digital asset treasury to repurchase tokens and support the asset’s value.

However, the initiative remains in early negotiation stages and may not reach its full funding target.

TRUMP Token Faces Steep Price Decline

The TRUMP token, which peaked at around $75 in January, has seen its value plummet by roughly 90%, trading near $8 at the time of reporting.

Moreover, the token has continued to slide in recent weeks, falling more than 10% over the past month.