Canary Capital has wrote a registration document of the Canary PEPE ETF, an exchange-traded fund designed to give investors exposure to PEPE through a traditional investment account.
The document, which was issued on April 8, states that the trust will own PEPE, calculate the stock price using prices generated from PEPE’s main trading platform, and issue shares in 10,000 baskets.
The prospectus frames PEPE as a highly speculative asset whose value is driven primarily by internet popularity, social relevance, and social sentiment rather than clearly by blockchain. It is said that PEPE is an ERC-20 token that was established on Ethereum in April 2023, and it states that the trust can have 5% of the assets in ETH at first in order to earn money for network purchases associated with the transfer of PEPE.
Canary’s structure resembles a well-known crypto ETF template. The fund will have a fixed index directly, avoid derivatives and energy, and use a manager to protect the assets, and warn that investors will lose all their money.
The document also emphasizes that PEPE’s real estate markets are new and unregulated, leaving the market vulnerable to volatility, fraud, security risks, and disruptions to the Ethereum network.
What makes the investment so popular is that meme coin ETFs are no longer speculative. Grayscale’s Dogecoin product is already on the US market. The proposal of the company Grayscale Dogecoin Trust ETF for March 2026 on the NYSE Arca and shares.
BONK has already re-entered the storage pipeline, albeit through a different channel. Tuttle Capital filed the Tuttle Capital Bonk Income Blast ETF in September 2025, and separate SEC filings show the Tuttle Capital 2X Long Bonk Daily Target ETF was also included in its previously registered set of crypto ETFs.
Tuttle also requested the approval of a number of crypto ETFs tied to tokens including TRUMP and MELANIA, part of an urgent effort to test the size of crypto ETFs that could be pushed.
