The MOG Price Surges As Canary Capital Files to Launch First MOG ETF 

Canary Capital is making a bold move in the memecoins sector by filing a Form S-1 registration with the SEC for launching the Canary MOG Exchange Traded Fund (ETF) yesterday, November 12. The ETF is tied to popular memcoin Mog Coin (MOG). 

NEW: @CanaryFunds files for a MOG ETF. pic.twitter.com/IUBkL4mF3E

— James Seyffart (@JSeyff) November 12, 2025

Canary Capital’s Bold Move into MOG

Canary Capital’s ETF will directly track the price of MOG, a token on the Ethereum network known for its volatility. The ETF describes the MOG as a memcoin. The trust named “Canary MOG ETF” will hold MOG tokens and not its derivatives, giving investors direct exposure to the memecoin. 

Further, the document notes that up to 5% of the fund’s assets may be held in Ether (ETH) to cover transaction and network fees, as MOG operates on the Ethereum blockchain. According to the filing, CSC Delaware Trust Company is the trustee and U.S. Bancorp Fund Services is the transfer agent, while the custodian responsible for safeguarding the digital assets will be appointed later.

The MOG was introduced back in July 2023 and is linked to the “Mog” internet meme. The MOG has a community-driven branding; hence, it is considered a cultural statement and a collector’s item. Like other memecoins, its price is largely driven by the community sentiments, cultural significance, and social media narratives rather than underlying technology. 

How is MOG Faring Amid the ETF Filing?

Amid the ETF hype, the price of MOG is up today. The price has increased by 3% in the past 24 hours. The trading volume surged more than 180% in the past 24 hours, reaching $29.78 million. The market cap touched $145.36 million. The MOG is trading at around $0.0000003863 at press time.

The token is selling above the 10-day Simple Moving Average. The 14-Day Relative Strength Index (RSI) of 42 suggests a neutral positioning inclined towards bullish momentum. The MACD histogram is showing a bullish crossover. Nevertheless, the Fear & Greed Index value of 15 (Extreme Fear) suggests extreme caution among investors. Besides, the token also has a very high volatility of 10.68% and a high supply inflation of 8.36%. The price of the token in the upcoming days will largely depend on the progression of Canary’s ETF filing. 

The Final Thoughts on MOG ETF

As the U.S government shutdown ended today, the SEC approvals for crypto ETFs are expected to speed up. The ETF approvals often act as bullish catalysts in the crypto market as they provide regulated entry points for institutional investors. Similarly, the MOG ETF is expected to bring more institutional investors into the memecoin sector. Moreover, such regulated avenues and institutional entry are anticipated to bring more stability in prices, as these meme coins are known for extreme volatility.