Canary Capital Trump Coin ETF Secures DTCC Listing as Expert Predicts Price Breakout
- Canary Capital’s Trump Coin ETF (ticker: TRPC) is now listed on the DTCC, indicating readiness for trading.
- The U.S. SEC is currently reviewing the ETF proposal, with no set timeline for a decision.
- A crypto expert suggests that if the Trump coin maintains support above $7.00, it could see significant upward movement.
- Fight Fight Fight LLC plans to raise $200 million to create a treasury aimed at stabilizing the meme coin’s value.
- Open interest in derivatives for Trump coin has increased by 6% to $350.91 million, reflecting rising trading activity across platforms like Binance and OKX.
The listing on the DTCC is a crucial step in the ETF process, enhancing liquidity and potentially attracting traditional investors without direct asset ownership. The ongoing SEC review and market activities indicate heightened interest in this meme coin.
With a bounce from its $7.00 support and plans for substantial treasury funding, the Trump coin could be positioned for a breakout if it sustains movement above $7.80–$8.00.(Source)
