Canary Capital, a firm that manages assets, is planning to introduce a PEPE ETF (exchange-traded funds) linked to this memecoin.
On Wednesday, Canary filed A Form S-1 was filed with the US Securities and Exchange Commission for the CANARYPEPE ETF. The ETF would follow the performance of Pepe.PEPE(), and all the PEPE for the trust will be held by an administrator.
The ETF Trust may have up to 5% in Ether.ETHThe Ethereum Network charges transaction fees.
Canary Capital also offers other crypto ETFs (including XRP) that are tracked by XRP.XRP), Solana (SOL), Hedera (HBARSei ()SEIIn the last few months, several niche ETFs have been filed.
Canary Capital has filed a filing to launch an ETF that tracks the price of gold in November 2025. memecoin called Mog CoinThe 353rd largest crypto token in terms of market capital is far behind PEPE which ranks 45th.
The memecoin PEPE based off Pepe the Frog became popular on social networks in 2024. Dogecoin, the biggest memecoin in terms of market capitalization (by a margin of 9%), is the token’s closest competitor.DOGE).
Grayscale Dogecoin ETF launched in November. fell well short of initial volume expectations. ETF analyst Eric Balchunas had predicted that ETFs will get at least 12 million dollars in volume. The ETF saw only $1.4 Million on the first day.
This ETF is also proposed despite Pepe, which has fallen almost 85% since its all-time peak of $0.00002368 in December 2024. according CoinMarketCap.
There are 513 392 PEPE holders. according Etherscan provides data. Canary Capital warns investors about the high concentration of token ownership. “As of January 2026, the ten largest PEPE wallet addresses collectively held approximately 41% of the total circulating supply,” It said that the file was filed.
Altcoins season could be determined by the launch of more ETFs
Analysts previously stated that the next cycle of altcoins may be based on the launch of more crypto ETFs further down the curve.
Matt Hougan said that in March, the chief investment officer of investment firm Bitwise was Matt Hougan. altcoin cycles are overInstitutional investors focus on digital assets or cryptocurrency assets with high yields.
Fabian Dori chief investment officer officer at Sygnum BankAccording to, Cointelegraph reported in December the US Crypto regulations will drive a significant increase in new ETF applications in 2026.
Related: Spot Bitcoin ETF inflows top $471M but BTC is pinned under $70K: Here’s why
“On the basis of the potential passing of the Clarity Act, we would expect that new filings continue to go beyond BTC and ETH,” Dori said.
US CLARITY Act still hasn’t passed as quickly in the US as some industry players had hoped. A major reason for this is an ongoing dispute over stablecoin returns.
Canary warned of regulations that could affect the US use Pepe network and Ethereum “continue to evolve,” This may have an impact on the demand for Pepe.
Magazine: Asia Express: Phantom Bitcoin checks, China tracks tax on blockchain
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Source: cointelegraph.com
