{"id":44037,"date":"2025-08-26T00:01:48","date_gmt":"2025-08-26T00:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44037"},"modified":"2025-08-26T00:01:48","modified_gmt":"2025-08-26T00:01:48","slug":"canary-capital-files-for-u-s-made-crypto-etf","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44037","title":{"rendered":"Canary Capital Files for U.S.-Made Crypto ETF"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Canary Capital has filed a proposal for a new spot ETF that focuses entirely on American-built digital assets. The fund would track what <\/span><span data-preserver-spaces=\"true\">they\u2019re<\/span><span data-preserver-spaces=\"true\"> calling the Made-in-America Blockchain Index, spotlighting tokens with strong ties to the United States. <\/span><span data-preserver-spaces=\"true\">It\u2019s<\/span> <span data-preserver-spaces=\"true\">a clear<\/span><span data-preserver-spaces=\"true\"> attempt to bring national identity into the increasingly global crypto landscape.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Only Tokens with U.S. Roots Make the Cut<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">To qualify for inclusion, a token must be created in the U.S., primarily mined or minted on American infrastructure, or operated by a team based in the country. <\/span><span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> a tight filter that puts geographic origin and operational control at the center of index design. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> is not just about where a token <\/span><span data-preserver-spaces=\"true\">is traded<\/span><span data-preserver-spaces=\"true\"> but where it <\/span><span data-preserver-spaces=\"true\">was built<\/span><span data-preserver-spaces=\"true\"> and <\/span><span data-preserver-spaces=\"true\">who\u2019s<\/span><span data-preserver-spaces=\"true\"> running it.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Canary Capital just filed for the Made in America Crypto ETF that will include tokens developed in the US.<\/p>\n<p>Injective is one of the largest crypto networks Made in America today.<a href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$INJ<\/a> is continuing to light the way forward <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/0n8HXl8sn9\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/0n8HXl8sn9<\/a><\/p>\n<p>\u2014 Injective <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f977.png\" alt=\"\ud83e\udd77\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@injective) <a href=\"https:\/\/twitter.com\/injective\/status\/1959966002080264404?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 25, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-preserver-spaces=\"true\">Filtering the Market: A $520 Billion Opportunity<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Analysts estimate that more than $500 billion worth of digital assets meet the <\/span><span data-preserver-spaces=\"true\">ETF\u2019s<\/span><span data-preserver-spaces=\"true\"> criteria. <\/span><span data-preserver-spaces=\"true\">That\u2019s<\/span><span data-preserver-spaces=\"true\"> a large slice of the overall market. Likely candidates include Solana, XRP, Chainlink, Cardano, Stellar, Avalanche, Hedera, and Sui. These are networks with significant U.S. ties, either through founding teams, infrastructure, or legal incorporation.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in August2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Income Potential Through Staking and Validation<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Canary\u2019s<\/span><span data-preserver-spaces=\"true\"> proposal <\/span><span data-preserver-spaces=\"true\">doesn\u2019t<\/span><span data-preserver-spaces=\"true\"> stop at passive tracking. The fund also plans to participate in on-chain activity, including staking and transaction validation. That means the ETF could earn native rewards from networks where it holds tokens, adding a potential income layer on top of asset appreciation.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ticker MRCA, Trading on Cboe BZX<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">If approved, the ETF will trade under the ticker symbol MRCA on the Cboe BZX Exchange. The structure is a Delaware statutory trust, not a traditional mutual fund<\/span><span data-preserver-spaces=\"true\">, so<\/span><span data-preserver-spaces=\"true\"> it <\/span><span data-preserver-spaces=\"true\">won\u2019t<\/span><span data-preserver-spaces=\"true\"> fall under the Investment Company Act of 1940. That gives the fund more operational flexibility, particularly when it comes to handling digital assets directly.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.19T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68acf4e9d5d10\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<h2><span data-preserver-spaces=\"true\">Talking Points from ETF Analysts<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Some analysts are calling the filing creative, even if it raises questions. <\/span><span data-preserver-spaces=\"true\">There\u2019s<\/span><span data-preserver-spaces=\"true\"> still a bit of ambiguity around exactly which tokens qualify, <\/span><span data-preserver-spaces=\"true\">especially<\/span><span data-preserver-spaces=\"true\"> when teams <\/span><span data-preserver-spaces=\"true\">are distributed<\/span><span data-preserver-spaces=\"true\"> or chains are supported by global contributors.<\/span><span data-preserver-spaces=\"true\"> But the broader takeaway is clear: ETF managers are getting more experimental in how they design crypto products.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Late-Year ETF Filing Surge Continues<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This<\/span> <span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> the only fund aiming to capture a new angle. <\/span><span data-preserver-spaces=\"true\">Canary\u2019s<\/span><span data-preserver-spaces=\"true\"> submission lands alongside other late-year filings, including one from Grayscale to convert its Avalanche Fund into a publicly traded trust. These filings show that the window for new ETF strategies is wide open, and fund managers are racing to carve out niches.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">What This Means for U.S. Crypto Strategy<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This ETF taps into a growing narrative about supporting homegrown crypto ecosystems. With regulatory conversations heating up in Washington and global tensions in the background, <\/span><span data-preserver-spaces=\"true\">Canary\u2019s<\/span><span data-preserver-spaces=\"true\"> filing could appeal to investors who want U.S.-backed exposure without venturing too far into foreign projects.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Comes Next in the Approval Process<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The S-1 filing kicks off the process, but Canary will still need a 19b-4 approval from the exchange. The SEC is reviewing a backlog of crypto-related ETF proposals <\/span><span data-preserver-spaces=\"true\">right now<\/span><span data-preserver-spaces=\"true\">, so a decision may come before the end of the year. If it clears, MRCA could offer a new way to bet on the future of U.S. crypto without leaving the safety of traditional finance.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Canary Capital filed for a spot ETF focused on U.S.-built digital assets, tied to a Made-in-America Blockchain Index.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Only tokens with strong U.S. ties\u2014including Solana, XRP, Chainlink, and Cardano\u2014would qualify for the ETF.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The ETF plans to earn rewards through staking and validation, creating an income layer beyond price performance.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        It will trade under the ticker MRCA on Cboe BZX if approved, offering direct exposure through a Delaware trust structure.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The ETF taps into national crypto narratives and may appeal to investors looking for U.S.-backed blockchain exposure.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/canary-capital-files-for-u-s-backed-crypto-etf-mrca-launch\/\">Canary Capital Files for U.S.-Made Crypto ETF<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canary Capital has filed a proposal for a new spot ETF that focuses entirely on American-built digital assets. The fund would track what they\u2019re calling the Made-in-America Blockchain Index, spotlighting tokens with strong ties to the United States. It\u2019s a clear attempt to bring national identity into the increasingly global crypto landscape. Only Tokens with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44037","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44037"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44037\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}