Canary Capital Amends PEPE ETF Filing, Sets Out Cboe BZX Listing

Canary Capital Group LLC moved its PEPE ETF application forward on October 2, filing a pre-effective amendment to the fund’s Form S-1 registration statement with the U.S. Securities and Exchange Commission. The amended filing sets out how the Canary PEPE ETF would hold PEPE Coin, the token behind the Pepe the Frog meme, and confirms the shares are expected to list on the Cboe BZX Exchange.

The trust structure in the amended filing

The trust’s investment objective is to track the price of PEPE Coin held by the fund, less operating expenses, with its net asset value calculated against the CoinDesk PEPE Benchmark Rate 60m NY Rate, a benchmark maintained by CoinDesk Indices. Canary Capital Group LLC is the sponsor, while BitGo Bank & Trust, N.A. would custody the fund’s PEPE. CSC Delaware Trust Company is the trustee, U.S. Bancorp Fund Services is the transfer agent, and U.S. Bank N.A. would serve as cash custodian. Shares would be issued in baskets of 10,000, and the filing leaves the ticker symbol blank, meaning it has not yet been assigned. The fund is organized as a Delaware statutory trust, and the amendment was signed by Canary chief executive Steven McClurg.

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