Firm Behind First U.S. Spot XRP ETF Files for MOG Fund

Why It Matters

The move signals a widening appetite for hyper‑specific crypto ETFs, bringing even fringe meme tokens into mainstream investment vehicles and testing demand for niche digital assets among retail investors.

Summary

Canary Capital filed a registration statement for the Canary MOG ETF, which would give investors direct price exposure to MOG Coin – a cat‑themed, TikTok‑driven memecoin ranked 339th by market value with roughly $170 million in capitalization and a 78% loss over the past year. The filing follows the firm’s recent launches of spot ETFs for Litecoin and HBAR and precedes a pending spot XRP ETF, reflecting a broader strategy to build a long‑tail suite of niche crypto products. The filing also comes as new regulator Paul Atkins accelerates rulemaking that eases the path for specialized digital‑asset ETFs amid a government shutdown. If approved, the MOG ETF would place an obscure meme asset into a regulated wrapper favored by retail brokers and wealth‑management platforms.