Key Points
- •The Trump Coin ETF achieves DTCC listing, but SEC approval is pending.
- •Added ETF expected to enhance TRUMP token stability.
- •Increased meme coin exposure captured institutional interest due to listing.
Trump Coin ETF, backed by Canary Capital Group, was listed on the DTCC in October 2025, signaling its readiness for trading but awaiting SEC approval.
The DTCC listing prompts investor interest and market activity, although SEC approval is crucial for full trading access.
The Trump Coin ETF (TRPC), backed by Canary Capital Group, is now listed on DTCC platform. This milestone marks its technical readiness for clearing and settlement. However, full trading awaits approval from the SEC.
Canary Capital Group, the ETF issuer, has filed an S-1 registration. The aim is to offer full exposure to the TRUMP token without involving complex wrappers. Meanwhile, Fight Fight Fight LLC plans a significant treasury buyback for the TRUMP token.
Market Reactions
The DTCC listing has sparked substantial trading interest, evident from the surge in derivatives trading volumes. Open interest in TRUMP-related markets increased by approximately 6%. This reflects heightened anticipation among traders and investors.
Funding Initiatives
Market experts note that a funding initiative seeking up to $1 billion by Fight Fight Fight LLC aims to bolster market liquidity. This could stabilize the TRUMP token, already volatile since its significant price drop from earlier this year.
Historical Precedents
Historical precedents, like Dogecoin's ETF, demonstrate that meme coins can garner significant interest when granted mainstream exposure, setting a positive example for TRPC.
"I don't know how this gets through tho bc you need to have futures for at least 6mo on an exchange. That doesn't exist as far as I can see. Alt, I could see it in a 40 Act product." - Eric Balchunas, Senior ETF Analyst, Bloomberg
Analysts suggest potential regulatory delays but highlight investor optimism. As precedents are set, meme coins gain regulatory clarity, which could lead to new technological integrations and influence broader market acceptance.