Canary Capital has filed an application for registration for the Canary PEPE ETF, which is a new exchange-traded fund that aims to allow investors to invest directly in PEPE via their regular stockbrokers. The application was filed on April 8, 2026.
The prospectus says that the fund will keep spot PEPE, determine its net asset value based on price information on major PEPE exchanges, and release shares in increments of 10,000.
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Canary Capital PEPE ETF Breaks the Internet
The statement presents PEPE as a speculative crypto asset whose worth depends on its internet fame and cultural significance. PEPE is an ERC-20 token created on the Ethereum platform in April 2023, and the fund might initially allocate up to 5% of its holdings in ETH to pay for transactions related to transferring the PEPE token.
The Canary Capital PEPE ETF will be organized in accordance with current spot cryptocurrency ETFs. The ETF will have custody of the token itself and not use derivatives or leverage. But the prospectus explicitly states that there is a risk that the investor may lose all of their money.
In addition, the filing mentions that PEPE markets are newly established and lack regulatory oversight, which makes the ETF vulnerable to volatility, manipulation, custodial risk, and disruption to the Ethereum blockchain.
This particular filing is unique in the sense that the meme coin ETFs are no longer theoretical in nature. Grayscale’s Dogecoin ETF has actually started to trade on the NYSE Arca, having its ticker symbol GDOG, with the listing date set to November 24, 2025.
Meme Coins Target Mainstream ETFs
Other meme coins are also gravitating towards ETFs. BONK is pending approval through Tuttle Capital with the submission of its Tuttle Capital Bonk Income Blast ETF in September 2025.
Previous ETF filings by Tuttle include the 2X Long Bonk Daily Target ETF. This company has been exploring the possibility of launching leveraged cryptocurrency ETFs based on digital assets such as TRUMP and MELANIA.
Due to Canary Capital’s PEPE ETF, meme coins are more often getting involved with mainstream investing, giving people some opportunities to invest in these popular virtual assets.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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