$PEPE to enter the ETF—this by itself is already enough to be a topic of interest. Canary filed a revised S-1 on October 2, planning to list on Cboe BZX. The product design directly holds PEPE and calculates NAV using CoinDesk’s PEPE benchmark price.
This implies a very clear change: what Wall Street previously looked down on as a meme is now starting to move into the traditional financial product framework. But whether the ETF can ultimately be launched is another matter, so what’s being traded more right now is expectations rather than confirmed institutional capital entering the market. What’s truly worth watching for PEPE next is whether the market will price in the “ETF expectations” ahead of time. #Canary提交PEPE现货ETF修订S-1文件
This implies a very clear change: what Wall Street previously looked down on as a meme is now starting to move into the traditional financial product framework. But whether the ETF can ultimately be launched is another matter, so what’s being traded more right now is expectations rather than confirmed institutional capital entering the market. What’s truly worth watching for PEPE next is whether the market will price in the “ETF expectations” ahead of time. #Canary提交PEPE现货ETF修订S-1文件
