Canary Capital Seeks SEC Approval for U.S.-Focused Crypto ETF

Canary Capital has officially submitted an S-1 application to the SEC, seeking approval for a new cryptocurrency exchange-traded fund (ETF) focused on US-origin crypto assets. This groundbreaking move could significantly impact the market for digital assets like Solana (SOL), Cardano (ADA), and Ripple’s XRP. The ETF, tentatively named Canary American-Made Crypto ETF (MRCA), will list on the Cboe BZX Exchange after regulatory clearance from the SEC is obtained. ]