Canary Capital Files for U.S.-Focused American-Made Crypto ETF

Canary Capital, a digital asset manager, has filed for a new exchange-traded fund (ETF) named the Canary American-Made Crypto ETF, aiming to provide investors with exposure to U.S.-developed and U.S.-mined cryptocurrencies. The fund is set to trade on the Cboe BZX Exchange under the ticker MRCA, pending regulatory approval from the U.S. Securities and Exchange Commission (SEC). The product will focus exclusively on digital assets invented, mined, or primarily operated within the United States [1].

The fund offers a regulated investment vehicle for digital assets like XRP, UNI, LINK, and SOL, without requiring investors to directly hold or manage the underlying cryptocurrencies. This approach aligns with the “America-first” trend in crypto investing, emphasizing U.S.-centric exposure [2]. Unlike traditional investment products, the ETF is considered high-risk and speculative, with no standard investor protections. Analysts have noted that investors could lose their entire investment [3].

Eric Balchunas, a financial analyst, has highlighted the uncertainty around the ETF’s inclusion criteria, noting that major U.S.-developed assets such as Bitcoin could qualify for the fund. However, the specific selection process for qualifying assets remains unclear [4]. The ETF will be available for trading once the SEC approves the registration and the product becomes effective.

In addition to the American-Made Crypto ETF, Canary Capital has also filed for the Canary Trump Coin ETF in Delaware and the Canary Staked Injective ETF, which will also trade on the Cboe BZX Exchange if approved. These filings represent a broader strategy to expand the firm’s range of crypto-focused ETFs, emphasizing U.S.-centric themes and innovative exposure options such as staking.

The firm’s aggressive expansion into the crypto ETF space reflects an industry trend toward offering more accessible and regulated investment vehicles for digital assets. As of the latest filing, all products remain pending regulatory approval before they can begin trading.

Source: [1] The Crypto Basic - https://thecryptobasic.com/2025/08/25/canary-capital-files-with-sec-to-launch-american-made-crypto-etf-backed-by-us-origin-assets-like-xrp/

[2] CoinCentral - https://coincentral.com/canary-capital-files-for-american-made-crypto-etf/

[3] The Crypto Times - https://www.cryptotimes.io/2025/08/25/canary-capital-files-new-american-made-crypto-etfs/