Investors are hesitant to buy Trump memcoins ahead of the ETF launch.
Date: 2025-10-10 Author: Henry Casey Categories: CRYPTO PAYMENTS
Despite the recent addition of the Canary TRUMP ETF (ticker TRPC) to the Depository Trust & Clearing Corporation (DTCC), interest in the OFFICIAL TRUMP token (TRUMP) remains low. The new instrument, developed by Canary Capital, was part of the preparatory phase for the launch of trading units, but this did not lead to a significant increase in the price of the memcoin itself.
On October 8, TRPC was officially added to the DTCC database, which typically signals the imminent launch of a new ETF. However, the cryptocurrency market reacted sluggishly: the TRUMP price rose only 0.26% to $7.73, remaining almost 90% below its January high of $77.39, which was reached shortly after the start of trading.
The main reason for investor skepticism is the lack of guarantee that US regulators will approve the ETF. Adding to the DTCC listing does not automatically mean approval from the US Securities and Exchange Commission (SEC). Market participants doubt the SEC would take a step that could spark political controversy: the TRUMP asset combines a financial instrument with a political symbol, making it controversial for institutional investors.
Some analysts believe that launching a fund based on such an asset could create conflicts of interest and increase regulatory scrutiny. Unlike traditional cryptocurrency ETFs, where the underlying asset is not linked to politics, TRUMP is a symbolic coin that reflects not only market expectations but also political sentiment.
Investors are likely preferring to wait for official comments from the SEC before making investment decisions. The uncertainty of the fund's approval is inhibiting speculative buying, although historically, meme coins have often experienced short-term surges driven by news.
Thus, the situation surrounding TRUMP and TRPC demonstrates that even increased media attention and high-profile political associations don't always guarantee market success. Crypto industry participants are increasingly focusing not on emotional sentiment, but on the actual regulatory prospects and liquidity of the asset.
While the US Presidential coin remains under pressure from uncertainty, the market is watching Canary Capital's next steps and the possible reaction of the SEC. The fund's approval could set an important precedent, paving the way for new politically motivated digital assets, but for now, investors are choosing to maintain their distance.
