Canary Capital Files For American-Made Crypto ETF

Canary Capital has filed for a new exchange-traded fund (ETF) that will focus only on U. S.-based digital assets with the ￰0￱ and Exchange Commission (SEC). This fund, called the Canary American-Made Crypto ETF, aims to give investors access to a carefully selected group of cryptocurrencies that are connected to the United ￰1￱ Capital New Fund Focuses on ￰2￱ Assets According to the filing , the proposed spot crypto ETF would only hold digital assets that meet specific ￰3￱ includes cryptocurrencies created in the United States, tokens mainly produced on U. S.-based networks, and blockchain projects that have most of their operations located in the United States.

Furthermore, the ETF tracks the Made-in-America Blockchain Index, which showcases blockchain projects from the ￰4￱ index includes various projects that focus on transparency, regulatory compliance, and meeting American technology standards and values. Notably, the filing did not give details on the specific coins. However, if approved, this would be one of the first ETFs to focus on the location of assets and clear regulations as key investment ￰5￱ increased regulatory attention on foreign digital assets, Canary’s initiative could lead to compliant investment options in ￰6￱ Capital And Its Crypto ETF Episodes Last year, Canary Capital entered the race to launch a spot XRP ETF right after ￰7￱ firm spelled out its goal of creating an XRP ETF in its ￰8￱ Capital affirmed that it aims to provide investors a seamless way to gain exposure to XRP without directly holding the ￰9￱ year, the NASDAQ Stock Market submitted a 19b-4 filing with the SEC on behalf of Canary ￰10￱ filing is for a spot Hedera (HBAR) ETF .

Likewise, the global asset management firm filed the S-1 registration for the spot SUI ￰11￱ Capital, among many others, also filed with regulators to launch an ETF based on the Tron network’s token, ￰12￱ Capital Snubs Dogecoin ETF It is worth noting that despite Canary Capital’s numerous filings, it affirmed it has no interest in joining the bandwagon for the Dogecoin ￰13￱ to reports, Steven McClurg, the firm’s CEO, says the lack of interest in an ETF product for the dog-themed memecoin follows consideration of certain ￰14￱ emphasized the lack of utility for Dogecoin in the broader cryptocurrency ￰15￱ utility, he also highlighted the memecoin’s unlimited ￰16￱ two factors are enough to discourage Canary Capital from considering launching an ETF.