Pepe Coin Price Outlook After Canary Capital Files First PEPE Spot ETF
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Canary Capital has filed for a PEPE spot ETF with the US Securities and Exchange Commission, potentially boosting the Pepe coin price. The broader cryptocurrency market has declined, but Pepe coin has seen a weekly gain of nearly 5% and is currently consolidating around $0.000003479.
Canary Capital filed for a PEPE spot ETF with the US SEC. The ETF aims to track the market price of PEPE token by holding it directly. This filing indicates growing institutional interest in non-Bitcoin and Ethereum digital assets. Pepe coin price is currently around $0.000003479, with a weekly gain of nearly 5%. The broader crypto market has declined 1.19% to $2.41 trillion. Pepe coin derivatives data shows growing bearish pressure, with open interest and trading volume declining. The coin's price action remains capped below the $0.00000370 resistance level.
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