Canary Capital Files for First 'American-Made' Crypto ETF Focusing on U.S.-Centric Digital Assets

Canary Capital, a digital asset manager, has officially filed for a new spot exchange-traded fund (ETF) named the "Canary American-Made Crypto ETF." The filing, submitted on August 25, 2025, to the U.S. Securities and Exchange Commission (SEC), aims to provide investors with regulated exposure to cryptocurrencies developed, mined, or primarily operated within the United States. This initiative marks a distinct approach in the burgeoning crypto ETF landscape.

The proposed ETF is designed to track the "Made-in-America Blockchain Index," focusing on digital assets that emphasize U.S.-based innovation and operations. Coins such as Uniswap (UNI), Chainlink (LINK), and Solana (SOL) are highlighted as examples of potential holdings, aligning with the fund's objective to spotlight domestically created digital assets. The fund also seeks to generate rewards from validating transactions on the underlying networks, a feature that differentiates it from traditional passive funds.

The Canary American-Made Crypto ETF, which intends to trade under the ticker symbol 'MRCA' on the Cboe BZX Exchange, offers investors a streamlined way to access the crypto market through traditional brokerage accounts. This structure aims to remove the complexities and risks associated with directly acquiring and holding cryptocurrencies, such as managing wallets and private keys.

This filing comes amidst a period of increased receptiveness from U.S. regulators towards digital assets, particularly under the current administration. The move by Canary Capital is part of a broader trend of asset managers expanding their ETF proposals beyond Bitcoin and Ethereum, seeking to capitalize on rising investor demand for diverse digital asset products. The firm has been notably active, with this being one of several crypto ETF filings by Canary Capital in recent months, including those for XRP, Litecoin, and Sui.

The approval of this ETF would further integrate the digital asset market into traditional finance, offering a regulated and accessible investment vehicle for both retail and institutional investors. The SEC's ruling on Canary Capital's application is anticipated later this year, with industry observers closely watching for its potential impact on the future of thematic crypto investments.