APR 9·Crypto BriefingMed
Canary files S-1 for PEPE ETF as memecoin funds expand beyond DOGE
Canary Capital has filed an S-1 registration statement for a spot PEPE ETF, aiming to provide direct exposure to the memecoin through traditional brokerage accounts. This development follows Dogecoin's successful entry into the public market with Grayscale's GDOG ETF and other memecoin ETF proposals for BONK and even TRUMP-related tokens. The filing highlights the speculative nature of PEPE and the unregulated status of spot memecoin markets, while also noting the increasing expansion of memecoin funds beyond just DOGE.