Canary Capital, a firm behind the first US Spot XRP ETF, is expanding its niche crypto product offerings with a new filing for an exchange-traded fund tied to MOG Coin, a cat-themed memecoin. The MOG Coin has seen a decline of 78% in the past year as the broader memecoin sector faces challenges.
MOG Coin, ranked 339th by market value, is described as both a memecoin and a “cultural statement” reflecting its roots in TikTok culture and a community that treats it as part digital collectable and social identity. Despite its cultural significance, prices have taken a hit, with the token down 78% over the past year.
The filing shows Canary’s strategy to build a long-tail product suite, following recent launches of ETFs for Litecoin and HBAR. The firm aims to offer direct price exposure to MOG Coin, minus operating expenses, through the Canary MOG ETF.
Source: https://www.coindesk.com/markets/2025/11/13/firm-behind-first-u-s-spot-xrp-etf-files-for-mog-fund