First US ETF for Canton Coin debuts on Nasdaq amid rising institutional demand
The first US exchange-traded fund (ETF) offering direct exposure to Canton Coin has started trading on Nasdaq. Launched by 21Shares under the ticker TCAN, the fund began trading on 7 May 2026 with an opening price near $24.72. This move follows growing interest in the Canton Network, a blockchain platform backed by major financial institutions. The Canton Network was developed by Digital Asset and went live in 2023. It has since attracted high-profile participants, including Goldman Sachs, Microsoft and Deutsche Bank. Visa also joined as a super validator in January before expanding its stablecoin settlement programme to include the network.
The new ETF carries a 0.50% gross expense ratio. Early trading saw its price rise slightly to around $24.76. Meanwhile, Canton Coin itself traded near $0.146, down over 1% in the past 24 hours. Canton Coin currently holds a market value of roughly $5.6 billion. It ranks among the largest cryptocurrencies by market capitalisation, reflecting its growing adoption within institutional finance.
The launch of TCAN provides investors with a regulated way to gain exposure to Canton Coin. The ETF’s debut follows the network’s expansion and increasing involvement from major financial firms. Its performance will be closely watched as institutional interest in blockchain-based assets continues to grow.
