According to ME News, on April 9 (UTC+8), Canary Capital submitted an S-1 filing with the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund tracking the spot price of the PEPE token. Canary stated in the filing that PEPE was launched in April 2023 with a total supply exceeding 420 trillion tokens and noted that this meme coin has no utility. Last year, Canary also filed applications for ETFs tracking the prices of MOG and Pengu. (Source: BlockBeats)
Canary Capital Submits PEPE Spot ETF Application to the U.S. SEC
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Summary
According to MetaEra, Canary Capital has filed an S-1 application with the U.S. SEC for a PEPE spot ETF. The token, launched in April 2023 with over 420 trillion tokens, is a meme coin with no utility. Canary has previously submitted ETF applications for MOG and PENGU. The SEC filing represents another step in the firm’s broader strategy to bring meme tokens into traditional markets.
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