Canary Capital applies for a PEPE ETF, memecoin spot trading faces SEC scrutiny
Canary Capital filed an S-1 application with the SEC on April 8, seeking to launch an ETF that tracks the spot price of the PEPE meme coin. The meme coin has a market value of about $1.5 billion, and the issuer is testing the SEC’s review limits for different types of digital assets. PEPE’s lack of any practical use could become a point of contention in the review; there is currently no precedent for a meme-coin ETF to be approved.
MarketWhisper·41m ago
