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The Depository Trust & Clearing Corporation (DTCC) has added the Trump coin ETF (TRPC) to its official clearing list, marking a crucial operational milestone in the exchange-traded fund (ETF) approval process. The move positions the politically charged digital asset closer than ever to U.S. market entry, pending final approval from the U.S. Securities and Exchange Commission (SEC).
For investors and market analysts, this development suggests that the Trump coin ETF issued by Canary Capital has passed critical post-trade readiness checks, including clearing, settlement, and custody eligibility. The DTCC’s inclusion of the ETF is often seen as one of the final steps before a fund becomes tradable on U.S. exchanges.
Getting listed on the DTCC is a significant indicator that an ETF is in its final stretch before market launch, said Daniel Harper, ETF strategist at MarketVector Research. “It doesn’t guarantee SEC approval, but it demonstrates that the fund’s infrastructure is ready.”
The listing of the Trump coin ETF follows a broader wave of altcoin-related exchange-traded fund proposals filed in recent months. Asset managers including Fidelity Investments and Canary Capital have submitted similar filings for ETFs tied to tokens such as Solana (SOL), XRP, Polkadot (DOT), Hedera (HBAR), and Sui (SUI).
While optimism remains high, approval timelines have slowed due to the ongoing U.S. government shutdown, which has affected multiple agencies, including the SEC.
The Trump coin ETF exemplifies how far the ETF market has evolved from Bitcoin-only products to politically themed meme coin exposure, said Martha Ellison, senior analyst at CryptoQuant Insights. Even so, regulatory momentum will depend on how quickly the SEC resumes normal operations.
DTCC’s addition of the Trump coin ETF mirrors the pre-approval steps taken by Bitcoin and Ethereum ETFs earlier this year, both of which were listed by the DTCC before official trading commenced. Market watchers are interpreting this as a positive sign that approval could follow once the regulatory logjam clears.
Despite the excitement surrounding the Trump coin ETF, the underlying TRUMP token launched by Fight Fight Fight LLC has struggled to regain traction in recent weeks. The meme coin, which once surged to a record $73.43 shortly after its January debut, now trades nearly 90% below that level.
As of press time, CoinMarketCap data shows TRUMP trading at $7.80, up just 3% in 24 hours, with trading volumes dropping more than 22% over the same period.
Canary Capital first filed its S-1 registration for the Trump coin ETF in August 2025, aiming to provide institutional investors with a regulated vehicle for exposure to the politically branded meme token. The issuer has positioned the ETF as a way to merge digital finance with political sentiment, a niche trend in the broader meme coin ecosystem.
Our intention is to offer transparency, security, and legitimacy to investors who want to engage with politically themed digital assets, said a Canary Capital spokesperson in a statement shared with Bloomberg Crypto.
Meanwhile, sources close to Fight Fight Fight LLC confirmed that the company plans to establish a digital asset treasury division to accumulate and manage Trump-linked tokens, including the official Trump (TRUMP) coin.
If approved, the Trump coin ETF would become the first politically branded meme coin ETF to trade on a U.S. exchange, potentially paving the way for similar niche digital asset funds. Analysts say it could also provide a new benchmark for how the SEC approaches volatile or personality-driven cryptocurrencies.
“The Trump coin ETF may act as a litmus test for how the SEC evaluates nontraditional crypto assets tied to cultural or political movements,” noted Rajesh Patel, legal counsel at LexDigital Advisory. “It could open or close as the door for dozens of themed tokens waiting in line.”
Still, the product’s performance will depend on investor sentiment toward both the TRUMP token and the broader meme coin sector, which has been turbulent throughout 2025. The market remains cautious amid rising competition from new entrants and limited institutional adoption.
While the DTCC listing is not equivalent to SEC approval, it does indicate that the Trump coin ETF is technically prepared for trading once the regulatory go-ahead is granted.
At the time of writing, Fight Fight Fight LLC has not commented on when trading could begin. Market experts anticipate that, barring further delays from the shutdown, the ETF could launch by late Q4 2025 or early 2026.
