Canary Capital Files First-Ever Spot PEPE ETF with the SEC

Canary Capital has submitted its first S-1 registration statement to the United States Securities and Exchange Commission for a spot PEPE ETF. The filing occurred on April 8, 2026, following a previous registration with the Delaware trust. Industry experts view this move as a bold entry into the realm of memecoins.

The latest filing reflects the firm’s ongoing strategy to explore various crypto products, including memecoins. If approved, this ETF could enable brokers to offer the popular frog-themed token to investors.

Stage Sets for First-Ever Spot PEPE ETF

Canary Capital registered the CANARY PEPE ETF as a legal trust in Delaware on January 23, 2026, under file number 10484779. The registered agent for this entity is CSC Delaware Trust Company. This registration is a standard procedure before the company submits detailed S-1 documents to federal regulators.

The firm has followed the same process for its previous products, including XRP and SUI. Canary Capital, like Morgan Stanley, has emerged as one of the most active companies seeking approval for crypto ETFs. The proposed fund will operate under the Securities Act of 1933 and will be exempt from the requirements of the Investment Company Act of 1940.

Once approved and listed, shares will be traded on major exchanges. Large blocks of shares will be created and redeemed by authorized participants. Meanwhile, a regulated custodian, likely BitGo, will safeguard the underlying PEPE tokens. Daily net asset value calculations will use independent pricing benchmarks to ensure transparency and accuracy.

PEPE Token’s Resilient Origin

PEPE was launched on April 17, 2023, as a community-driven memecoin on the Ethereum blockchain. The token has a total supply of over 420 trillion and serves primarily as a cultural symbol and a tool for speculative trading. Its early success can be attributed to fair launch principles and rapid adoption on decentralized platforms.

During the market recovery in 2023, PEPE experienced significant growth, driven by excitement on social media. Canary Capital has submitted similar filings for assets like MOG and TRUMP without immediate rejection. This structure would be comparable to approved spot Bitcoin and Ethereum products, ensuring direct custody and daily reporting.

Market participants now closely monitor the review process for insights into future innovations focused on memecoins. This trend suggests a growing acceptance of memecoins as investment opportunities, even though they lack traditional fundamentals.

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