In a move that could bring the Trump Coin (TRUMP) closer to mainstream exposure, Canary Capital’s spot Trump Coin ETF has been officially added to the Depository Trust & Clearing Corporation’s (DTCC) clearing list a key operational step toward potential approval by U.S. regulators.
🏛️ Trump Coin ETF Added to DTCC Clearing List
According to DTCC data updated on Oct. 9, the Trump Coin ETF, listed under the ticker TRPC, has been added to the National Securities Clearing Corporation (NSCC) list. This inclusion means the product has completed a vital part of the ETF launch process, enabling back-end systems like clearing, settlement, and custody to function once trading begins.
The only major step remaining is approval from the U.S. Securities and Exchange Commission (SEC) the final regulatory hurdle before the ETF can officially go live in U.S. markets.
For context, the DTCC serves as the primary clearing and settlement provider for U.S. securities, handling post-trade operations for thousands of exchange-traded funds (ETFs) and other financial instruments daily.
📈 Growing Trend of Altcoin ETFs
The Trump Coin ETF joins a growing list of altcoin-linked ETF filings that have recently appeared on the DTCC’s eligible securities list. In addition to Canary Capital, major issuers like Fidelity Investments have also listed potential ETFs tied to assets such as Solana (SOL), XRP, Polkadot (DOT), Hedera (HBAR), and Sui (SUI).
However, progress on most of these ETFs has slowed in recent weeks due to the ongoing U.S. government shutdown, which has delayed several pending SEC reviews and regulatory decisions.
💰 Trump Coin’s Market Reaction
Following the DTCC listing news, TRUMP’s price briefly rallied to an intraday high of $7.85, but the move was short-lived. The token later cooled off to around $7.80, still up 3% in 24 hours, but far from the levels seen earlier in the year.
Trading volume fell over 22% during the same period, suggesting that investor enthusiasm remains muted despite the ETF milestone.
The Trump Coin launched in January and publicly promoted by former U.S. President Donald Trump and his family remains nearly 90% below its all-time high of $73.43, which it reached shortly after debuting.
🏦 Canary Capital’s Push for Political Crypto Exposure
Canary Capital originally filed its S-1 registration for the Trump Coin ETF in late August, describing it as a spot ETF tracking the Official Trump meme coin. The fund aims to offer institutional investors regulated exposure to one of the most politically charged tokens in the crypto market.
Meanwhile, reports have surfaced that Fight Fight Fight LLC, the company behind the TRUMP meme coin, is planning to raise capital for a digital asset treasury. The goal would be to accumulate Trump-related tokens, including the Official Trump token, potentially positioning the firm as a long-term holder and liquidity provider.
However, such developments while potentially bullish for the token’s long-term narrative have not yet translated into sustained price momentum, as competition from newer meme coins continues to siphon investor attention.
📊 The Road Ahead
The Trump Coin ETF’s inclusion on the DTCC list is a positive operational milestone, but it’s not a guarantee of SEC approval. Still, it shows that issuers like Canary Capital are betting on rising investor demand for politically themed and personality-driven crypto assets.
If approved, the TRPC fund would become the first ETF tied to a meme coin associated with a political figure, marking another unusual yet significant milestone in the convergence of pop culture, politics, and crypto finance.
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