Canary Capital Group has applied to the SEC to launch a new ETF that would follow the performance of PEPE Coin.
The planned Canary PEPE ETF would directly invest in the PEPE meme coin, built on Ethereum, and would operate similarly to other ETFs that hold assets directly.
The proposed Canary PEPE ETF plans to buy and sell shares in blocks of 10,000. Details like where it will be listed, how its price will be determined, and who will hold the digital assets are not yet public.
According to a recent filing, the Trust aims to give investors a return that closely follows the price of PEPE Coin, minus the costs of running the Trust and any debts it may have.
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With global events like war, fluctuating oil prices, and economic uncertainty dominating headlines, a filing for a $PEPE ETF has been submitted to the SEC. Whether you’re a fan of memecoins or not, this shows the market continues to move forward regardless of the current situation.
— CryptosRus (@CryptosR_Us) April 8, 2026
Initially, up to 5% of the Trust’s funds will be kept in ETH specifically to pay for transaction fees on the Ethereum network. The fund manager emphasized that this ETH is for operational costs and not intended as an investment.
Besides the PEPE ETF, Canary has also applied to launch ETFs for Mog Coin (MOG), with a target date of November 2025, and has filed paperwork for funds that follow Pudgy Penguins (PENGU), Axelar (AXL), and other cryptocurrencies.
Currently, Dogecoin is the only cryptocurrency based on a meme that has exchange-traded funds (ETFs) available in the United States. These funds, managed by Grayscale, 21Shares, and Bitwise, are actively traded on the NYSE and Nasdaq stock exchanges.
Despite this, interest in these assets remains low. According to SoSoValue, total net inflows for all three combined reached only $7.64 million by April 8th, and daily trading volume was just over $209,000.
The news didn’t really affect PEPE’s price, which was trading around $0.0000035 when this was reported.
Over the past 24 hours, the token’s value dropped by over 4.8% due to ongoing global uncertainties that are impacting investments considered risky.
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2026-04-09 08:17