Canary Updates Spot Trump Coin ETF Application
Bloomberg ETF analyst Eric Balchunas revealed that asset management firm Canary has submitted an updated application for its spot Trump Coin exchange-traded fund (ETF) with regulators.
BitGo Joins as Custodian Partner
The new filing confirms Canary’s partnership with BitGo, a leading digital asset custodian, to manage the fund's assets. This development boosts market confidence in the potential approval of the product.
Development and Market Outlook
The ETF has not yet announced a ticker symbol or launch timeline, but the revised application signals active progress. Analysts suggest that if approved, the fund could offer investors a straightforward and regulated way to gain exposure to the underlying digital asset.
- Canary files updated spot Trump Coin ETF application
- BitGo confirmed as custodian
- No ticker symbol released, project still in development