PEPE ETF Filing Amended as Canary Capital Advances Proposal
Pepe (PEPE)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Canary Capital amended its registration for a proposed PEPE ETF on Oct. 2, moving the product closer to a potential launch. Bloomberg ETF analyst Eric Balchunas described the filing as “arguably another sign crypto winter has ended.” The proposed fund would hold PEPE directly and seek to track its price, less operating expenses and other liabilities. Canary first filed for the spot PEPE ETF with the U.S. Securities and Exchange Commission in April.
How the market reacted
Whalio's own Binance spot order flow for PEPE, measured when this story was written up on 4 October 2026. Not the outlet's figures.
PEPE is trading at $0.000004310, with a 24-hour buy ratio of 51.5% indicating that buyers have slightly outnumbered sellers over the full day. However, this momentum is fading in the short term, as the 1-hour buy ratio dropped to 43.0% and the 4-hour ratio fell to 46.3%. The volume delta reflects this shift, showing a net outflow of -$28,446 in the last hour and -$119,669 over four hours, compared to a net inflow of +$350,651 over 24 hours. This means that while buying pressure was positive earlier in the day, recent trading activity has seen more volume flowing out than in.
The latest daily buy ratio of 49.3% sits at the 48th percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PEPE, averaged over the days leading up to the story.
Over the preceding week, PEPE saw a 7-day average buy ratio of 49.1%, with the latest day showing a 2.4 point increase over that average. Despite this relative improvement in buying ratio, spot volume was only 0.34x the weekly average, indicating significantly lower participation. The price changed by -1.4% over eight days, with a total volume delta of -$4,240,209 for the period. Net buying occurred on only 3 of 7 days, suggesting that this is an unusual day for the coin given the high buy ratio but low volume compared to the weekly norm.