Introduction to Canary Capital’s MOG ETF Filing
Canary Capital has taken another step in expanding its crypto exchange-traded funds, filing with the Securities and Exchange Commission for a new product tied to a memecoin. 
The filing, made on November 12, represents a significant attempt to list a US ETF directly tied to a memecoin. The fund will hold actual Mog Coin (MOG) tokens rather than using futures contracts.
Key Points of the MOG ETF Filing
The following are key points from the filing:
- Canary Capital filed to launch the first US spot ETF that tracks MOG Coin.
- The filing coincides with the launch of Canary’s spot XRP ETF on Nasdaq.
- New Treasury Department guidelines open opportunities for stakes in Solana and Ethereum ETFs.
Details of the MOG ETF
Canary Capital Group LLC has filed with the U.S. Securities and Exchange Commission (SEC) to launch Canary MOG ETF, a fund designed to track the price of MOG Coin. The ETF will act as a trust fund, similar to the approved Bitcoin and Ethereum spot funds, and will provide investors with regulated access to MOG through regular brokerage accounts.
The aim is to reflect the spot market price of MOG while taking into account management costs. MOG is defined as an Ethereum token that is socially motivated and tied to meme culture rather than traditional blockchain functionality.
Crypto ETF Market Momentum
The MOG ETF application comes at a time when the US crypto ETF market is accelerating following recent regulatory activity. The U.S. Treasury Department’s new Tax Procedure 2025-31, issued on November 10, provides spot crypto ETFs the ability to stake proof-of-stake assets such as SOL and ETH. This could offer potential returns of 5-7%.
Elsewhere, Bitwise and Grayscale’s Solana ETFs, which launched in October, are enjoying strong demand and now have over $500 million in assets. For more information on this development, visit https://crypto.news/canary-capital-files-spot-mog-etf-xrp-fund-nasdaq-2025/
