What Is the Trump Coin ETF?

The Trump Coin ETF is an exchange-traded fund (ETF) registered in Delaware by Canary Capital. The fund is designed to track the price of Official Trump ($TRUMP), a meme coin inspired by former U.S. President Donald J. Trump and built on the Solana blockchain.

Latest Registration Update and Regulatory Status

Canary Capital has completed registration of the Trump Coin ETF in Delaware, but has not yet submitted an application to—or received approval from—the U.S. Securities and Exchange Commission (SEC). At the same time, Trump Media & Technology Group (TMTG—the company behind Truth Social) is actively filing several crypto-related ETF applications, including a Bitcoin-only ETF, a combined Bitcoin and Ethereum ETF, and a Blue Chip Crypto ETF (which includes Bitcoin, Ether, Solana, Cronos, and XRP). As of now, the SEC has not approved any of these ETFs for listing.

Trump Coin’s Current Price Performance

According to the latest figures, Official Trump ($TRUMP) is trading at approximately $8.48, with a 24-hour trading volume of around $477 million, representing a decrease of approximately 4% from the previous day. The token initially reached an all-time high of roughly $75 when it launched in January 2025. Its price rapidly declined, resulting in a loss of over 88% of its value. Currently, its market cap ranks within the top 100. The price remains extremely volatile.

Risks and Considerations for Investors

• Extreme volatility: TRUMP has experienced extreme volatility, falling from highs of several dozen dollars to single digits, which poses significant risk. Inexperienced investors should exercise particular caution.
• Regulatory concerns: This meme coin and associated ETFs have sparked debate over “profiting from political influence,” with some groups voicing criticism.
• Limited market acceptance: Despite completed registration, official approval and public launch will require additional time. The market continues to favor established ETFs, such as those for Bitcoin and Ethereum. The Trump Coin ETF may appeal primarily to niche groups, such as Trump supporters, and may serve more as a sentiment-driven investment.