NewsletterBreaking: Canary Funds Files for First-Ever MOG ETF
Highlights
- The MOG ETF filing submitted by Canary Funds will be one of the first attempts at bringing a memecoin to enter Wall Street.
- MOG Coin ETF will operate in a similar way to other spot crypto ETF models.
- The filing has boosted the price of MOG, with derivatives trading activity also skyrocketing.
Popular asset manager Canary Funds has submitted a request to an ETF of the meme-based cryptocurrency MOG. This is the first time this token will be made available in traditional financial markets. The filing outlines plans for a trust designed to hold and track the price of MOG Coin.
Canary MOG ETF To Hold Coin Directly
According to the preliminary prospectus, the “Canary MOG ETF” will issue shares of beneficial interest that trade on a registered exchange. This was revealed by respected ETF analyst James Seyffart on X.
Canary Funds has recently gained attention for its XRP ETF filing, which notably has been scheduled for launch on November 13, 2025.
MOG Coin will be retained in the fund, without the fees, and liabilities in order to monitor its performance. The move further shows increased adoption of popular crypto-tokens as investment products that are accessible by mainstream investors.
The sponsor of the trust in the filing is Canary Capital Group LLC. The firm has also launched an HBAR ETF, which coincided with a strong market performance of the token.
CSC Delaware Trust Company will act as trustee. Meanwhile, U.S. Bancorp Fund Services serves as transfer agent. A designated custodian will hold the fund’s MOG assets on behalf of investors once the product is approved by regulators.
The ETF’s pricing benchmark will rely on an index derived from major MOG trading platforms. Its model is the same as the structures used in other spot crypto ETFs like Bitcoin and Ethereum.
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