Canary Capital has filed an S-1 with the U.S. SEC for the Canary American-Made Crypto ETF, designed to track the CoinDesk Made-In-America Index. This index selects eight digital assets that are created, operated, or primarily developed in the United States.
These include Bitcoin, Chainlink, Solana, AVAX, HBAR, XLM, and XRP, all of which must meet strict standards set by an oversight committee covering liquidity, regulated custody eligibility, and multi-platform availability.
The ETF will invest directly in the underlying cryptocurrencies without using leverage or derivatives. CSC Trust Company, a Delaware trust firm, will serve as custodian, holding most assets in offline cold storage for security.
Proof-of-stake tokens included in the index will be staked via approved third-party providers, allowing the fund to earn additional rewards that will be added to its net asset value.
The filing follows several other applications from Canary Capital this year, including ETFs for Litecoin, Solana, Tron, SUI, XRP, and even a “Trumpcoin” product, reflecting rising investor interest after Bitcoin and Ethereum ETF approvals.
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