Canary Capital has submitted an amendment to its spot PEPE ETF filing with the SEC. The original application for the Ethereum-based memecoin investment product was first filed in April 2026. This update is part of a trend where issuers are exploring regulated financial products linked to memecoins.
The PEPE token currently holds a market capitalization of approximately $1.8 billion and maintains significant daily trading volume. Market participants view the amendment as a strategic move to assess institutional appetite for such assets, potentially signaling a shift in the broader cryptocurrency market environment.
The development coincides with market predictions regarding the future performance of XRP. Current data indicates a 6.3% probability that XRP will reach a new all-time high by the end of 2026. Observers are now waiting for the SEC response to the amended filing to gauge the regulatory stance on such products.
