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2 clusters · 6 sources · 3 days · First seen 26 days ago · Last updated 23 days ago

Canary Capital PEPE ETF application progress

Overview

Asset management firm Canary Capital has amended its application to the U.S. Securities and Exchange Commission (SEC) for a proposed spot PEPE exchange-traded fund (ETF). The fund aims to hold the Ethereum-based memecoin directly to reflect its market price.

The amended S-1 filing provides additional operational details, including the designation of BitGo Bank & Trust as the custodian and Cboe BZX as the exchange. To calculate the net asset value, the filing specifies the use of the ‘CoinDesk PEPE Benchmark Rate 60m NY Rate’.

No launch date or approval decision has been established, as the securities cannot be sold until the registration statement becomes effective with the SEC. Analysts suggest these developments indicate growing issuer confidence in expanding crypto-based investment products beyond Bitcoin and Ethereum, coinciding with a period of recovering confidence and technical market shifts for the PEPE token.

Entities

Canary Capital · PEPE · U.S. Securities and Exchange Commission · Cboe BZX · BitGo

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Canary Capital filed an amendment for a proposed spot PEPE exchange-traded fund.
[○ 1 SOURCE] The proposed ETF trust would hold PEPE directly.
[○ 1 SOURCE] BitGo Bank & Trust is proposed as the custodian for the PEPE ETF.
[○ 1 SOURCE] The filing proposes listing the ETF shares on the Cboe BZX Exchange.
[○ 1 SOURCE] The PEPE token price fell 5.52% over a 24-hour period to approximately $0.00000405.

Timeline

23 days ago

[BUSINESS] 2 sources
Canary Capital amends filing for proposed PEPE ETF
Canary Capital has amended its filing for a proposed spot PEPE ETF, detailing plans to use BitGo for custody and Cboe BZX as the exchange for the memecoin-based fund.
26 days ago

[BUSINESS] 4 sources
Canary Capital amends PEPE ETF application amid crypto market recovery
Canary Capital has amended its SEC filing for a PEPE meme coin ETF, signaling rising crypto market confidence alongside Ethereum's recovery driven by spot ETF interest.

Sources

blocktempo.com · criptovaluta.it · crypto-news-flash.com · games.yahoo.com.tw · heartbeats.jp · tronweekly.com

This summary has been updated 1 time: see revision history