Canary Capital has filed for an ETF for MOG Coin.

Canary Capital has applied for an exchange-traded fund (ETF) for MOG Coin, a cat-themed memecoin influenced by TikTok culture. This application comes in light of MOG Coin being ranked 339th by market capitalization and having lost 78% of its value in the past year. The memecoin sector is experiencing an overall downturn.

The application reflects Canary Capital's strategy to expand its niche cryptocurrency product offerings. The company has recently launched ETFs for Litecoin and HBAR as well.