The filing, dated August 13, has fueled speculation that the asset manager will soon seek U.S. regulatory approval to list and trade the fund.
Such a product would make Trump Coin one of the few meme coins with a potential institutional-grade investment vehicle, joining the likes of Dogecoin – which already has ETF proposals from Grayscale, Bitwise, and 21Shares.
Canary Capital has also been active in this space, previously submitting plans for a PENGU ETF.
Market watchers note that an ETF could inject fresh liquidity into Trump Coin’s ecosystem, potentially broadening its investor base. The SEC has already classified meme coins as commodities, a stance that could streamline the approval process.
Following the registration news, the Solana-based token rebounded from $9.40 to $9.60, up about 4% on the day and 10% over the week. Despite the rally, Trump Coin remains more than 60% below its $75 high reached shortly after its January debut.
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