
Canary Capital’s latest ETF filing targets the cat-themed Ethereum-based memecoin MOG Coin, despite its steep price drop, underscoring the rise of regulated niche crypto products and meme culture exposure.
Canary Capital has filed a registration statement for the Canary MOG ETF, which would offer direct price exposure to MOG Coin, a TikTok-inspired cat-themed memecoin issued on Ethereum. Ranked 339th by market cap at about $170 million, MOG has fallen 78% over the past year amid a memecoin sector downturn. This move follows Canary’s recent launches of ETFs for Litecoin and HBAR, and precedes a planned spot XRP ETF. Updated SEC guidance, under crypto-supportive leadership, allows new ETFs to debut without direct sign-off during the government shutdown. In other industry news, decentralized derivatives platform Hyperliquid suffered a $4.9 million loss after a manipulation incident involving the POPCAT token.