On October 9, the DTCC updated its clearing list to include the Trump Coin ETF under the ticker TRPC, marking a significant operational milestone in the ETF’s launch. With this step completed, the final regulatory requirement is approval from the U.S. Securities and Exchange Commission, which would authorize the ETF for trading in U.S. markets.
For context, the DTCC is a key clearing and settlement provider for U.S. securities, managing post-trade processes for exchange-traded funds, including clearing, settlement, and custody.
In recent months, several altcoin-linked ETFs from issuers like Fidelity Investments and Canary Capital have been added to the DTCC’s eligible securities list. Proposed products include ETFs tied to Solana, XRP, Polkadot, Hedera, and Sui.
Despite industry optimism that many of these altcoin ETFs will eventually gain approval, progress has slowed amid the ongoing U.S. government shutdown.
Trump Coin Price Struggles
Canary Capital submitted its S-1 registration for a spot ETF tracking the Official Trump meme coin in late August, targeting institutional investors who want exposure to the politically themed token endorsed by the Trump family and promoted by former President Donald Trump.
More recently, unnamed sources reported that Fight Fight Fight LLC, the issuer of the TRUMP meme coin, is seeking funding to launch a digital asset treasury company focused on acquiring Trump-linked tokens, including the Official Trump token.
However, despite these generally bullish developments, investor interest in the Trump meme coin has remained muted. The token is still roughly 90% below its all-time high of $73.43, reached shortly after its January launch.
Today, TRUMP briefly spiked to an intraday high of $7.85 before settling around $7.80, marking a 3% gain over the past 24 hours. Yet, the token lacked the momentum to approach previous highs, with trading volume dropping more than 22% during the same period.
The TRUMP token continues to face pressure amid market uncertainty around the project and growing competition from an influx of new meme tokens vying for investor attention.
