Trump Coin ETF Listed on DTCC: What Investors Need to Know

Trump Coin ETF Drives: Trump Coin Price Momentum and Volatility

Could the TrumpCoin ETF really be the next big thing in the crypto world? 

On October 9, the Canary Trump Coin ETF (TRPC) got listed on the DTCC platform, marking a key step toward mainstream trading. 

Source: X (formerly Twitter) 

This ETF tracks the Solana-based Meme Coin, a politically themed meme token that has grabbed attention for both its hype and controversy. 

The DTCC listing makes the ETF more visible on social media, this announcement does not mean it is ready to trade. 

The Trump Coin ETF launch date is not yet finalised, it still needs to go through regulatory approvals. It includes reviews by the SEC, before investors can buy and sell it.

Why the DTCC Listing Matters

Being listed on the DTCC is an important milestone. 

DTCC handles the majority of U.S. securities, so acknowledging the Trump Coin ETF signals that the system is prepared to process it. This might make it simpler for brokers to provide it to clients.

But the listing isn't yet equivalent to approval. Canary Capital, issuer of the Exchange Traded Fund, must still file significant paperwork before the Exchange Traded Fund goes live.

Despite that, this step renders this crypto fund more legitimate and proves that memecoins are gradually coming into mainstream finance.

Trump Coin Price Displays Mixed Indications

The hype around this crypto investment fund has already been reflected in the token's price.

Source: CoinMarketCap

Over the last 24 hours, the token price increased by 3.9%, which surpassed the general crypto market that increased by 0.56%.

This helped regain some of the loss on a 9% decline in the last month.

Meanwhile, the price has cautionary signs.

Certain indicators indicate the token might be overbought and may experience a short-term pullback.

Trade volume also slowed somewhat, suggesting that the initial frenzy might be waning.

Trump Coin Price Prediction

• It is currently holding support at $7.83.

• If it breaks above resistance around $8.38, it may reach to $9.00.

• But if the momentum slows down, prices may fall again as profit-taking by traders sets in.

The $200 Million Digital Assets Treasury Plan

Adding to the Trump coin approval news, the issuer of the token, Fight Fight Fight LLC, intends to raise $200 million to $1 billion for a "Digital Asset Treasury."

The plan is to purchase these meme tokens, cut supply, and stabilize prices.

If successful, it could provide support to both the token and the Trump Crypto ETF in the long term.

But the proposal is still in its early stages, and investors shall have to wait and see for information regarding financing and how the treasury will operate.

Community Hype and Political Buzz

This cryptocurrency survives on popular support and social media buzz. Its futures were hyped by fans and celebrities, creating trading volume and buzz.

But the same hype also renders the token highly volatile as prices can be quickly fluctuated on the basis of social opinion or political-related news.

What’s Next 

DTCC listing of Trump Coin ETF is a leap in the correct direction, with the token's foot inside the door of institutional finance. 

Investors must consider caution, though. Overbought conditions, decreased trading activity, and unclear regulation all mean there is risk. 

This exchange traded fund now stands as a sign of potential, not a guarantee. Traders must watch closely and not rush in.

Disclaimer: This article is for informational purpose only, kindly do your own research before investing in crypto market.