Canary Capital files for spot MOG ETF as XRP fund hits Nasdaq
Canary Capital has taken another step in its crypto exchange-traded fund expansion, filing with the Securities and Exchange Commission for a new product tied to a memecoin.
- Canary Capital filed to launch the first U.S. spot ETF tracking MOG Coin.
- Filing coincides with the launch of Canary’s spot XRP ETF on Nasdaq.
- New Treasury guidelines open path for staking in Solana and Ethereum ETFs.
Canary Capital Group LLC has filed an application with the U.S. SEC to launch the Canary MOG ETF, a fund that would track the price of MOG Coin.
The filing , made on Nov. 12, marks a significant attempt to list a U.S. ETF tied directly to a memecoin. The fund will hold actual Mog Coin ( MOG ) tokens in custody rather than using futures contracts.
Inside the Canary Capital’s MOG ETF filing
The ETF will operate as a trust, similar to approved Bitcoin and Ethereum spot funds, giving investors regulated access to MOG through regular brokerage accounts. Its goal is to reflect MOG’s spot market price while accounting for management costs.
MOG is defined as an Ethereum token that is socially driven and tied to meme culture rather than traditional blockchain functionality. According to the filing, the ETF will issue and redeem shares in large blocks backed by MOG or equivalent cash, making it accessible to both institutions and retail traders.
Since the MOG ETF is not a traditional investment fund, it is exempt from the 1940 Investment Company Act. Rather, it will adhere to the same framework as other spot crypto ETFs.
Crypto ETF momentum grows
The MOG ETF filing comes as the U.S. crypto ETF market accelerates following recent regulatory activity. Canary’s XRP ETF is set to begin trading on Nasdaq on Nov. 13, marking the first U.S. spot XRP ETF under the Securities Act of 1933. The fund offers direct exposure to XRP without futures contracts and charges a management fee of 0.50%.
Elsewhere, Solana ETFs from Bitwise and Grayscale, launched in October, have seen strong demand, now holding over $500 million in assets. The U.S. Treasury’s new Revenue Procedure 2025-31, issued on Nov. 10, provides a path for spot crypto ETFs to stake proof-of-stake assets like SOL and ETH. This might offer potential yields of 5–7%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Update Today: The Introduction of XRP ETFs and Silver Investments Signals a Shift Toward Overlapping Asset Classes
- XRP surged over 10% as anticipation grows for its first spot ETF, potentially launching this week, with regulatory filings and DTCC listings signaling imminent approvals. - Market dynamics show $4.11B in XRP derivatives open interest and $10.7M in 24-hour liquidations, while Trump's "tariff dividend" and government shutdown avoidance boost risk-on sentiment. - Institutional investors are also buying silver producer First Majestic Silver Corp. (AG), with Jupiter Asset Management acquiring a $74.5M stake a
XRP News Today: Regulatory Cooperation Sets the Stage for XRP ETF Milestone
- Canary XRP ETF (XRPC) becomes first U.S. spot XRP ETF, launching Nov 13, 2025 after SEC approval. - Regulated structure bypasses 1940 Act rules, enabling direct XRP exposure with 0.5% management fee. - Institutional demand and crypto-friendly regulators accelerated approval, mirroring Bitcoin ETF success. - ETF's index linkage and custody framework enhance XRP liquidity, signaling broader institutional adoption. - Multiple XRP ETFs in pipeline highlight token's maturation as regulated digital asset class.
ALGO -0.06% as of NOV 13 2025 During Ongoing Decline and Key Product Changes at Alargo
- ALGO fell 0.06% on Nov 13 2025, with a 3.21% weekly drop and 49% annual decline amid strategic shifts at Alargo . - Alargo's product optimization, including phasing out low-margin offerings, boosted EBITDA and unit margins despite 60% volume reduction. - ARCO Pharma's focus on scientific differentiation aligns with industry trends, emphasizing pharmacist engagement to drive market perception. - Technical analysis shows ALGO in persistent downtrend, with strategic gains yet to translate into token price r
Solana News Update: Upexi's Repurchase Strategy: Offsetting Falling Shares with Rising Cryptocurrency Assets
- Upexi authorizes $50M stock buyback to counter 50%+ price drop amid crypto sector volatility. - The Solana-focused firm holds $319M in SOL tokens, leveraging crypto gains to offset equity declines. - Regulatory scrutiny intensifies globally as DATs face buyback restrictions and index exclusion risks. - VisionSys AI's 88% stock collapse highlights execution risks in crypto treasury strategies.
Trending news
MoreCrypto prices
More
