Canary Capital Files Form S-1 for American-Made Crypto ETF
Canary Capital has filed a Form S-1 with the U.S. SEC to launch the "American-Made Crypto ETF," which will hold cryptocurrencies that are:
- Invented in the U.S.
- Majority mined in the U.S.
- Have majority operations based in the U.S.
This is an initial filing; approval for trading requires a 19b-4 submission by an exchange to the SEC. The SEC has delayed decisions on several crypto ETFs until October.
Political support for domestically rooted crypto is increasing. President Trump stated his desire for crypto to be “mined, minted, and made in the U.S.A.” He announced a Strategic Crypto Reserve featuring U.S.-based tokens like Solana, Cardano, XRP, Bitcoin, and Ethereum.
Likely candidates for the ETF include:
Bitcoin and Ethereum could also be included due to significant U.S. mining operations, despite not being invented in the U.S.