Canary files for Crypto ETF targeted by the US

Canary Capital has made a crypto-related request with the US Securities and Exchange Commission (SEC).

The company has requested an ‘American Crypto ETF’, which will include digital assets with ties with the United States.

Made-in-America ETF

A recent document shows that the asset manager has bound An S-1 registration statement with the SEC to launch the Canary American-Made Crypto ETF (MRCA). The proposed fund will focus on projects in the Made-in-America Blockchain Index.

Nate Geraci, president of Novadius Wealth Management, explained That this crypto assets will include coins where the majority of their stock in the country will be struck, because of their native validation mechanism, and that where the majority of the protocol is located in the region. He added that “next year will be”, referring to the upcoming developments in the ETF market.

Bloomberg analyst Eric Balchunas too commentary When entering the company, noted that the success of the current crypto ETFs opened the door for a wave of creative combinations. However, he admitted that it is unclear which coins would be eligible for the Made-in-America ETF.

Canary shared that custody will be handled by a South Dakota-chartered trust company, while CSC Delaware Trust Company will serve as the Trustee of the Fund. The shares are expected to be traded on CBOE BZX under the MRCA Ticker. The asset manager also indicated that the trust can try to generate rewards by validating transactions on the respective blockchain networks of the digital assets of the portfolio.

American Crypto ETFs to win from favorable policy

In his submission, Canary Capital proposes that crypto projects established in the US can be better positioned because of the increasing clarity of the regulations and political support, especially after recent pro-Crypto initiatives under President Donald Trump. The company suggests that projects with strong American tires more often use controllers constructively, which may reduce legal risks.

The American Crypto ETF represents the newest in a long list of cryptofonds that the asset manager wants to offer. This development follows another application for a Trump Coin ETF, bound to the Meme Coin of the president who was launched in January 2025. The company has also submitted for such investment products linked to Solana (SOL), Ripple’s XRP, Sui and Tron (TRX), all of which are currently under SEC review.

Elsewhere, experts have predicted an upcoming increase in approvals for these funds in the coming two months. Geraci pointed to various factors that stimulate optimism, including the approaching completion of a fully regulating framework for spotcrypto ETFs and a clearer regulating landscape.

This is done to a background of good performance for these investment products so far in 2025. A recent report showed that crypto-related offers now form 10 of the top 20 ETFs in the total market based on inflow.