Breaking: Canary Capital Trump Coin ETF listed on DTCC! TRPC gains support from mainstream CEX, experts predict price will soon explode.

The proposed Trump Coin ETF (ticker: TRPC) by Canary Capital has officially appeared on the Depository Trust & Clearing Corporation (DTCC) platform. This marks that the procedural steps for the financial product prior to its listing have been largely completed, although the U.S. SEC is still reviewing the proposal. This development echoes the previous event where the 21Shares DOGE ETF received similar treatment, highlighting that financial products related to meme coins are increasingly gaining mainstream market attention. Driven by this news and Technical Analysis, crypto experts predict that the price of Trump Coin is about to break through, supported by a stable fund program of up to $200 million.

DTCC Listing: Prelude to Trump Coin ETF Trading Ready

The emergence of Trump Coin ETF on DTCC is a key step for financial products moving towards traditional markets, although the final approval authority still lies with the SEC.

· Key Progress: The Trump Coin ETF (TRPC) submitted by Canary Capital has been listed on the DTCC platform. This step typically means that the clearing and settlement procedures for new financial products are ready before trading.

· The role of DTCC: DTCC handles the clearing and settlement of trades through its NSCC framework, and automates the creation and redemption of shares. Being listed by DTCC indicates that the fund has cleared these procedural hurdles and is on par with other digital asset ETFs waiting for issuance.

· Under SEC Review: The ETF proposal is still in the SEC's review stage, and the SEC is collecting feedback. It is unclear when a final decision will be made.

· Market Impact: The successful launch of the ETF will provide significant liquidity for Trump Coin and allow traditional investors to participate without directly holding the asset, greatly expanding its investor base.

Meme Coin ETF Gains Favor in Mainstream Market

The progress of Trump Coin ETF is not an isolated case; it resonates with the development of another meme coin DOGE related ETF, indicating that meme coins are gaining a stronger position in the traditional financial market.

· Benchmarking DOGE ETF: This development is similar to the recent addition of the 21Shares DOGE ETF (ticker: TDOG) to the same platform, suggesting that financial products related to meme coins are gaining increasing attention in the mainstream market.

· Regulatory Signals: Some experts believe that the SEC's classification of meme coins as commodities rather than securities may increase the likelihood of these types of ETFs being approved in the future.

Expert Prediction: Trump Coin Approaches Key Support and is Expected to Reverse and Explode

While the fundamentals are favorable, Technical Analysis also shows that the Trump Coin price is on the verge of an explosion.

· Technical Analysis: Encryption expert Mr. Albert pointed out in TradingView that Trump Coin token has been trading in a sideways range in recent days. According to the H1 chart, the token seems to be approaching a key support area.

· Potential entry point: Analysts suggest that if this support level holds, Trump Coin may experience a strong upward movement, making it a potential entry point for bullish traders.

· Key Price Levels: This meme coin has shown a solid rebound from the support level of 7.00 USD. Analysts believe that a sustained breakout of the range from 7.80 USD to 8.00 USD will confirm the reversal.

$200 million treasury plan support: Derivatives activity surges

In addition to ETF and technical signals, Trump Coin has also received significant funding support, further boosting market confidence.

· Treasury Plan: Fight Fight Fight LLC announced plans to raise $200 million to establish a Trump Coin treasury. The goal is to purchase a large amount of this meme coin to stabilize its value and improve its performance in the long term.

· Surge in Derivatives: This treasury initiative has stimulated a surge in derivatives activity.

· Open Interest: According to Coinglass data, Open Interest jumped 6% to $350.91 million.

· Trading Volume: At the same time, the trading volume of mainstream CEX is also showing a steady upward trend.

Conclusion

The debut of the Canary Capital Trump Coin ETF on the DTCC platform has brought strong market signals and potential liquidity injections for this meme coin. Although the final approval from the SEC remains uncertain, the acceptance of traditional financial infrastructure is significant in itself. Coupled with bullish forecasts from technical analysts and the funding support from the $200 million treasury plan, Trump Coin seems to have gathered all the momentum needed for a breakthrough rally. Investors should closely follow the key resistance zone between $7.80 and $8.00 to confirm the validity of a reversal.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The encryption market is highly volatile, and investors should make decisions cautiously.