‍#Gate广场四月发帖挑战

‍#Gate广场四月发帖挑战
‍#CanaryFilesSpotPEPEETF
On Wednesday, April 8, 2026, Canary Capital officially filed a Form with the SEC to launch the Canary PEPE ETF. This marks a significant move as the first formal attempt to bring a spot Pepe (PEPE) exchange-traded fund to the U.S. market.

The fund is designed as a spot ETF that would directly hold PEPE tokens with a custodian, allowing traditional investors to gain price exposure without managing digital wallets.

Interestingly, the filing specifies that the trust may hold up to 5% of its assets in Ether (ETH). This is intended to cover transaction fees on the Ethereum network, as PEPE is an ERC-20 token.

PEPE is currently the fourth-largest memecoin by market cap. This filing follows Canary's aggressive push into the altcoin ETF space, joining their previous applications for XRP, Solana (SOL), Hedera (HBAR), Sei (SEI), and even more niche tokens like Mog Coin (MOG) and Pudgy Penguins.

Canary was quite candid about the risks associated with such a speculative asset:

The filing highlights that the top 10 wallet addresses hold roughly 41% of the circulating supply, which could lead to significant price manipulation or volatility if those "whales" move their positions.

The document acknowledges that the U.S. regulatory landscape for memecoins and the Ethereum network is still evolving, particularly with the ongoing debates surrounding the CLARITY Act.

At the time of the filing, PEPE remains approximately 85% below its December 2024 all-time high, underscoring the extreme "boom or bust" nature of the asset.

While the filing is a "bullish" signal for the memecoin's legitimacy, approval is far from guaranteed, as the SEC has historically been more cautious with assets that lack robust regulated futures markets or exhibit high ownership concentration.
‍$PEPE