Canary has recently revised its filing for a Pepe ETF, according to Bloomberg ETF analyst Eric Balchunas. He said the move may be another sign that the downturn in the crypto market has run its course. Balchunas added that applications for meme-token ETFs were typically hard to move forward a few months ago, but issuers now appear more willing to test the market as conditions improve. The update does not include further details on the filing changes in the source material, but it highlights a shift in how issuers may be approaching crypto-linked products tied to meme assets. The comments were cited by TechFlow on Oct. 3.
Canary has recently amended its filing for a Pepe exchange-traded fund, according to Bloomberg ETF analyst Eric Balchunas.
Balchunas said the change could be another sign that the low point of the crypto market is over. A few months ago, filings for meme-token ETFs were usually difficult to advance, he said. With market conditions now improving, issuers are becoming more willing to test demand for related products.
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