The US Digital Asset Investment Firm Canary Capital Group filed with the Securities and Exchange Commission (SEC) to launch the Canary American Crypto ETF (MRCA).
According to a Friday’s filing, the suggested The fund will monitor an index of cryptocurrencies created, mined or mainly operated in the United States, with shares covering the CBOE BZX under the MRCA ticker. The confidence also plans to promote proof-of-stakes through third-party providers, adding rewards to the net asset value.
The Made-in-America blockchain index will only admit the assets that meet the strict criteria set by a administration committee. The tokens should be eligible for keeping with the US or bank’s regulated trust, maintaining minimum liquidity, and trade in many established areas.
Stablecoins, memecoins, and pegged tokens are excluded, and the index will be re -balanced quarterly.
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Related: Can Bitcoin ETFs replace bonds with institutional portfolios?
Trust will provide direct exposure to these properties without action or derivatives, while caution will be handled by a trust company trusted by South Dakota, along with most properties hidden in cold storage.
According to “Top Made in America tokens of Market Cap” IndexSome projects with American roots that are likely to be in the index include XRP (XRP), Solana (Sol), Dogecoin (Doge), Cardano (Ada), Chainlink (Link), Stellar (XLM), and so on.
Files are following the canary recently Application for a Trump Coin ETFtied to the US president’s memecoin was launched in January in advance of his inauguration. Canary also filed for ETFs tied to Sol, XRP, Suiand Trxwhich currently remains under the evaluation of the SEC.
Related: Solana SSK ETF breaks at $ 100m while Wall Street warms crypto staking
On the heel of a move to US policy
Canary’s latest ETF filing has arrived in the middle of a broader pivot in US crypto policy. In July, former SEC Commissioner Paul Atkins Launched “Project Crypto“A plan to bring the regulator during digital finances by setting more clear guidelines for cryptocurrencies and tokenized assets in the US.
On August 5, the SEC also released a staff statement that clarified that Specific Liquid staking arrangement Don’t fall under security laws, a step that can open the door for staking-based ETFs like Canary’s.
The SEC continues to drive decisions
Despite its softening towards cryptocurrency, the SEC continues to be careful when approved of Crypto ETFs.
This month, the agency has delayed some The decisions of the Crypto ETF filing.
SEC on Monday expanded its review of CBEE BZX Exchange’s proposal To list and trade shares the WisDomtree XRP Fund as a commodity-based ETF trust, which sets October 24, 2025, as a new deadline.
On the same day, it also pushed a decision to Canary Penguing ETF, which gives itself until October 12, 2025, to issue a Ringing.
