PEPE ETF Launches Canary Files S-1

Canary Capital Files for PEPE ETF Amid Expanding Memecoin Funds

• Canary Capital has filed a registration statement for the Canary PEPE ETF, aiming to provide direct exposure to PEPE through traditional brokerage accounts.
• The filing, dated April 8, indicates the trust will hold spot PEPE and calculate net asset value using a pricing benchmark from major trading venues.
• PEPE is described as an ERC-20 token launched on the Ethereum network in April 2023, with up to 5% of assets potentially held in ETH for transaction fees.
• The prospectus highlights PEPE’s speculative nature, driven by online popularity and social sentiment rather than blockchain utility.
• The filing notes potential risks due to unregulated markets, volatility, manipulation concerns, custody risks, and Ethereum network disruptions.
• Meme coin ETFs are gaining traction; Grayscale’s Dogecoin Trust ETF is already live under ticker GDOG on NYSE Arca since November 24, 2025.

Canary Capital’s filing for a PEPE ETF reflects growing interest in memecoin funds. The proposed fund aims to provide investors direct exposure while highlighting potential risks associated with unregulated markets and speculative assets like PEPE.