Canary Capital has applied for an ETF for MOG Coin.

Canary Capital has filed an application for an exchange-traded fund (ETF) for MOG Coin, a cat-themed memecoin influenced by TikTok culture. This application comes considering that MOG Coin ranks 339th by market capitalization and has lost 78% of its value over the past year. The memecoin sector is experiencing a general decline.

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.