Crypto fund supervisor Canary Capital has filed to launch the primary U.S. exchange-traded fund (ETF) tied on to MOG Coin, a memecoin on the Ethereum community. This marks Canary’s first foray into launching a fund to trace the worth of a memecoin.
The funding agency formally submitted S1 registration with the US SEC on Wednesday, in search of approval for the ETF.
NEW: @CanaryFunds information for a MOG ETF. pic.twitter.com/IUBkL4mF3E
— James Seyffart (@JSeyff) November 12, 2025
The submitting described MOG as a “memecoin,” including that the ETF might maintain as much as 5% of its holdings in Ether for transaction prices, since MOG depends on the Ethereum community.
Because the U.S. authorities shutdown appears to be ending, the SEC is predicted to re-engage on digital asset ETFs. Notably, a handful of XRP-linked ETFs are set to hit the buying and selling flooring, stated ETF skilled Nate Geraci.
In September, the regulator cleared the clouds to dozens of recent spot ETFs tied to cryptos, together with Solana and Dogecoin. Canary has filed for a number of several types of crypto ETFs, together with two that launched final month, monitoring Litecoin and HBAR. The corporate is ready to record one other ETF monitoring the worth of XRP this week.
A Memecoin Fueled by Social Media Buzz: Group Reacts
Canary Capital’s new MOG ETF, coming on the brink of the SEC opening the door for crypto ETFs, has attracted widespread neighborhood consideration on the memecoin.
Launching an ETF for a coin powered by neighborhood vibes—not actual utility— underscores how memecoins are inching nearer to the world of regulated finance.
One crypto investor wrote on X that not even Pepe has an ETF. “MOG is at a place near 200 of the crypto market cap. I don’t suppose folks perceive.”
It’s noteworthy that MOG Coin isn’t listed on Binance but, however is listed on the spot market on Coinbase. The Canary MOG ETF submitting additionally mentions that the memecoin is “pushed primarily by on-line reputation, cultural relevance and social sentiment, quite than by underlying technological utility.”
ETF Submitting Catalyst MOG Coin to Spike 8.44%
The 339th-ranked crypto with a market capitalization of roughly $170 million, noticed an 8.44% surge in value during the last 24 hours.
The submitting triggered a 155% surge in 24h buying and selling quantity, reflecting speculative positioning, per CoinMarketCap information.
The submit Canary Capital to Launch First Memecoin ETF to Observe Value of MOG Coin appeared first on Cryptonews.