Canary Capital’s newly filed ‘Trump Coin ETF,’ valued at US$1.9 billion, has drawn regulatory scrutiny from the U.S. Securities and Exchange Commission. The fund seeks to track a basket of popular memecoins including DOGE, SHIB, and TRUMPX, targeting retail traders seeking high-volatility exposure. Analysts warn that compliance uncertainties could delay approval and affect market sentiment. Despite controversy, early registrations signal robust interest from speculative investors. The move reflects a broader trend toward crypto-themed ETFs aimed at capturing niche digital-asset demand before the U.S. regulatory framework fully matures.