XRP News Today: Canary Files First U.S.-Only Crypto ETF Focused on Domestic Tokens

Canary Capital has submitted a Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a new spot exchange-traded fund (ETF) called the “Canary American-Made Crypto ETF.” This filing marks a significant development in the crypto market, as the firm aims to create the first U.S.-only crypto ETF, focusing exclusively on cryptocurrencies developed, mined, or operated primarily within the United States [1]. The firm’s proposal aligns with a broader industry trend to promote U.S.-centric blockchain innovation, particularly in the wake of recent political and regulatory shifts [2].

The proposed ETF will invest in a basket of U.S.-based crypto assets, potentially including tokens such as XRP, SOL, and ADA. While the exact list of holdings has not been publicly disclosed, the fund’s criteria emphasize U.S. origin, with a focus on tokens that are either created in the U.S., predominantly mined there, or operate mainly within the country [3]. This narrow focus sets the fund apart from other crypto ETF proposals, which have largely centered on major global cryptocurrencies like Bitcoin and Ethereum [6].

Canary Capital has previously filed for ETFs tied to specific cryptocurrencies such as XRP, LTC, TRX, INJ, and SUI. The firm has also explored the idea of an ETF linked to the “Official Trump meme coin,” demonstrating a pattern of innovation and regulatory engagement in the crypto space [5]. The latest filing continues this strategy, aiming to offer traditional investors a structured and regulated way to access a diversified portfolio of U.S.-created tokens.

The filing of the ETF is seen as part of the broader effort to position the U.S. as a global leader in blockchain and cryptocurrency. It comes at a time when the Trump administration is pushing for the U.S. to become the “crypto capital of the world.” This strategic goal has led to increased interest in U.S.-based crypto assets and the development of financial products tailored to support the domestic crypto ecosystem [4].

If approved, the ETF could bring increased attention and liquidity to U.S.-origin tokens, potentially impacting their market dynamics. It may also influence regulatory discussions around crypto asset classifications and investor protections, particularly in how they apply to domestically developed assets [7]. However, the success of the fund hinges on regulatory approval, which remains uncertain given the SEC’s historically cautious approach to crypto ETFs.

Market analysts have noted the novelty of the filing, with some suggesting it reflects the growing appetite of institutional players to integrate crypto into traditional investment frameworks. Eric Balchunas, a senior ETF analyst at Bloomberg, observed that the filing demonstrates the industry’s tendency to explore every possible variation of crypto ETFs as the category gains traction [6]. The approval or rejection of the ETF could serve as a bellwether for future U.S.-only crypto products and their regulatory viability.

Sources:

[1] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1067381-20250825)

[2] AInvest (https://www.ainvest.com/news/xrp-news-today-canary-files-focused-crypto-etf-backed-xrp-sol-ada-2508/)

[3] MEXC (https://www.mexc.com/news/canary-capital-files-for-made-in-america-crypto-etf/73500)

[4] Coinspeaker (https://www.coinspeaker.com/canary-capital-files-s1-for-american-made-crypto-etf/)

[5] BanklessTimes (https://www.banklesstimes.com/articles/2025/08/25/canary-capital-files-for-american-made-crypto-etf-backed-by-us-invented-coins/)

[6] TheStreet (https://www.thestreet.com/crypto/markets/american-made-crypto-etf-knocks-on-the-secs-door)

[7] Holder.io (https://holder.io/news/canary-capital-s1-american-crypto-etf/)