Investment firm Canary Capital has filed for three new ETFs focused on the cryptocurrency market, with the most notable being the Canary American-Made Crypto ETF.
Primary ETF: Canary American-Made Crypto
The Canary American-Made Crypto ETF (MRCA) will focus on investing in crypto assets developed, issued, or operated in the United States. The fund will track the ‘Made-in-America Blockchain Index’ and include US-origin cryptocurrencies. According to the filing, the ETF will be classified as a high-risk investment.
Additional ETFs from Canary Capital
In addition to the primary ETF, the company has applied for two additional funds: Trump Coin ETF and Staked Injective ETF. This move comes amid growing interest in US-based crypto projects. The fund aims to provide investors a targeted option within the US blockchain ecosystem, while also generating additional returns through staking rewards.
Expected Cryptocurrencies in the Indexes
The altcoins predicted to be included in the index are as follows: XRP, Solana (LEFT), Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Stellar (XLM), Sui (SUI), Avalanche (AVAX), and Litecoin (LTC).
The development of new ETFs by Canary Capital signals a growing interest in cryptocurrencies in the US and the intent to offer investors more diverse tools for engaging in the market.
