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Canary Capital Files for Spot PEPE ETF with SEC
The Tennessee-based firm, founded in 2024 by CEO Steven McClurg and President Andrew Hill, submitted an S-1 registration on April 8, 2026, for an ETF that would hold actual PEPE tokens in segregated wallets and track its spot price.
PEPE, launched in April 2023 with a fixed supply of 420.69 trillion tokens, boasts a $1.5 billion market cap but carries risks like extreme volatility, social media hype, and potential total value loss.
The filing highlights Canary's pattern of pursuing crypto ETFs, including prior ones for HBAR, XRP, and memecoins like MOG, though SEC approval remains uncertain.
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