The Canary MOG ETF is a pending spot fund that would become the first U.S. exchange-traded fund tracking a memecoin. Filed with the SEC on November 12, 2025, this groundbreaking application targets MOG Coin, an Ethereum-based memecoin with approximately $170 million market capitalization. Canary describes MOG as both a cultural statement and a digital collectible driven by online popularity, cultural relevance, and social sentiment.

The proposed ETF will hold actual MOG tokens in custody rather than using futures contracts, following the trust structure used for spot Bitcoin and Ethereum ETFs. The fund will issue and redeem shares in large blocks backed by MOG or equivalent cash, operating under an exemption from the 1940 Investment Company Act. This structure aims to provide regulated access to a memecoin through traditional brokerage accounts.

Pending SEC approval, the Canary MOG ETF would mark an unprecedented expansion of crypto ETFs into community-driven, meme-based assets. The filing comes as Canary aggressively expands its altcoin ETF roster, having launched XRP, Litecoin, and HBAR products. If approved, it would test regulatory boundaries and potentially legitimize memecoins as viable investment vehicles within traditional finance frameworks