- The Trump Coin ETF appears on the DTCC list, a key step before potential SEC approval for trading.
- A $200 million treasury initiative aims to stabilize and boost the coin’s long-term market value.
Canary Capital has achieved a procedural milestone for its proposed Trump Coin ETF. The fund, identified by the ticker TRPC, now appears on the listing platform managed by the Depository Trust & Clearing Corporation.
This step often indicates that a new exchange-traded product has progressed through backend operational requirements. However, the U.S. Securities and Exchange Commission continues its review process for the application.
This development follows the initial registration of the Trump Coin ETF by Canary Capital in August. Trading volume for the digital asset increased substantially following the news.
The 21Shares DOGE ETF, with its ticker TDOG, was also added to the DTCC platform not long ago. These events imply a growing acceptance of meme coin-linked products within mainstream financial infrastructure. The DTCC performs a critical function in the ETF creation process.
Its National Securities Clearing Corporation framework manages the clearance and settlement of trades. The platform also automates the share creation and redemption mechanism. A DTCC listing signals that a fund has completed these necessary procedural steps, placing it alongside other digital-asset ETFs in preparation for launch.
Concurrently, market analysts are observing price action for the Trump coin. A crypto expert using the name Mr. Albert published a TradingView analysis noting the token’s recent consolidation.
His examination of hourly chart data suggests the asset is approaching a significant support area. The analyst proposed that a successful defense of this support level could precipitate a strong upward price movement.
Fight Fight Fight LLC has disclosed its intention to raise $200 million. The capital would fund a treasury dedicated to purchasing a large quantity of the Trump coin. Data from Coinglass reflects a 6% increase in open interest, bringing the total to $350.91 million. Trading volumes on major exchanges like Binance, Bybit, and OKX have also shown a consistent upward trend alongside these developments.
