Canary Capital has formally submitted Form S-1 to the SEC to list an exchange-traded fund based on the spot price of PEPE. The meme cryptocurrency currently holds a market capitalization of $1.5 billion and a total supply exceeding 420 trillion tokens.
Canary Capital has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission for a spot PEPE exchange-traded fund, according to multiple reports on April 9. If the application advances through the SEC review process, it would represent one of the first ETF vehicles tied directly to a memecoin.
Canary's April 8 PEPE ETF filing signals memecoins are entering regulated finance, testing whether hype-driven tokens can gain mainstream access.
Institutional access to meme-based crypto expands as Canary Capital files with the SEC for a PEPE ETF, offering brokerage-based exposure while avoiding direct token custody and derivative risks. Key Takeaways: Canary Capital filed with the SEC to launch a PEPE ETF tracking token price via direct holdings.
Last year, Canary also filed an application to list a fund tracking the price of MOG, a then lesser-known memecoin.
Canary files a PEPE ETF as memecoin funds expand after Dogecoins GDOG launch and BONK related ETF filings. Canary files S-1 for PEPE ETF as memecoin funds expand beyond DOGE.
PEPE jumped 10% after breaking a three-week range, with volume surging 72% to $518M as short liquidations and stronger crypto sentiment fueled gains.
A 10% price jump was driven partly by $1.3 million in short liquidations, forcing traders to buy back.
PEPE shows neutral RSI at 56.70 with bearish MACD momentum, while trading near Bollinger Band resistance at 1.03 position suggests potential pullback ahead.
PEPE trades in neutral territory at current levels with RSI at 48.10 suggesting consolidation. Technical analysis points to potential breakout pending broader market sentiment shifts.
James Wynn, the pseudonymous trader who shot to fame for his PEPE longs, has been liquidated on his short Bitcoin positions.
The Pepe price has been stuck within a strong descending trend since the start of the year, highlighting the rising bearish influence. The price is rising today by nearly 6%, trading at $0.000003535 with a significant rise in volume by nearly 130%.