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Canary Capital revises its PEPE ETF application and announces it will list on Cboe BZX

2026-10-05 03:14:17
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Canary Capital advances the PEPE ETF application in advance and plans to be listed on the Cboe BZX Exchange.

On October 2, Canary Capital Group LLC submitted a pre-effective amendment to its Fund Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), thereby advancing the PEPE ETF application process in advance. The revised document details how the Canary PEPE ETF will hold PEPE Coin (the token behind the Pepe Frog meme) and confirms that the fund's shares are expected to be listed on the Cboe BZX exchange.

Trust structure disclosed in the amendment document

According to the amendment document, the trust's investment objective is to track the price performance of PEPE Coin held by the fund, and its net asset value after deducting operating expenses will be calculated based on the CoinDesk PEPE benchmark interest rate maintained by the CoinDesk Index (quoted at 60 minutes New York time).

In this structure, Canary Capital Group LLC serves as the initiator, BitGo Bank & Trust, N.A. Responsible for custody of the fund's PEPE assets, CSC Delaware Trust Company serves as trustee, U.S. Bancorp Fund Services serves as transfer agent, and U.S. Bank N.A. They will act as cash custodian. Fund shares will be issued in the form of 10,000 shares per basket. Currently, the code symbol (Ticker Symbol) in the file is still blank, indicating that it has not been formally allocated. The fund was organized in a Delaware statutory trust, with amendments signed by Canary CEO Steven McClurg.

Minocoin funds join Canary's alternative asset product line

PEPE 的申请是 Canary 系列 filings 的最新进展,其业务范围已超越比特币和以太坊。此前,该公司曾提交过 Pudgy Penguins (PENGU) ETF 的申请,并单独提交了质押 TRON (TRX) ETF 的最终招股说明书。此次修正案反映了发行方在 SEC 首批杠杆型比特币和以太坊 ETPs 获批后,试图将另类代币和迷因币打包成交易所交易产品的 broader 努力。

ETF 并非迷因币应用的唯一领域。PEPE 已被少数在线加密赌场接受用于存款。相关数据显示,部分平台支持包括 PEPE 在内的多种代币,并设有专门的 PEPE 列表。

PEPE 的波动性与审批之路

文件中包含一项直白的风险提示:这些份额属于投机性证券,投资该信托涉及重大风险。由于该信托未根据《1940年投资公司法》注册,投资者将无法获得该法案提供的保护。此次修正案仅是迈向有效注册的一步,而非最终批准;在 SEC 宣布注册生效之前,基金不得出售份额。

PEPE 的价格可能出现剧烈波动,基金招股说明书还特别指出了以下风险:价格波动性大、所有权集中以及对社区情绪的依赖。

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