Canary Capital launches a "Made in America" crypto assets ETF, targeting mainstream tokens such as XRP, SOL, and DOGE.

Canary Capital Group, a digital asset investment firm in the United States, has taken action again by submitting an application to the U.S. Securities and Exchange Commission (SEC) to launch the Canary American-Made Crypto ETF (MRCA). The fund will focus on "American-made" Crypto Assets and has become the focal point of market attention against the backdrop of the SEC's repeated delays in approving other crypto ETFs.

"Made in America" encryption ETF: Targeting local blockchain star projects

According to the documents submitted on August 24, MRCA will track the Crypto Assets index created, mined, or primarily operated in the United States, and plans to list on the Chicago Board Options Exchange (Cboe) BZX under the ticker symbol MRCA.

Index range: Only includes tokens that meet the strict standards set by the supervisory committee, must have regulatory qualifications for U.S. trust or bank custody, minimum liquidity, and be traded on multiple mature trading platforms.

Excluded assets: Stablecoins, meme coins, and pegged tokens will be excluded.

Component Stock Potential: According to CoinMarketCap's "Made in America Token" ranking, potential candidates include Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Stellar (XLM), and others.

The trust will directly hold these assets without using leverage or derivatives, and will stake PoS holdings through third-party providers to obtain additional income. Custody will be handled by a South Dakota-chartered trust company, and most assets will be stored in cold wallets.

Canary's ETF layout: from 'Trump Coin' to SOL, XRP

This is not Canary's first foray into encryption ETF. Previously, the company had submitted multiple applications, including:

1. ETF linked to the official meme coin TRUMP;

2. ETF linked to SOL, XRP, SUI, TRX (currently still under SEC review)

The application for the "Made in America" ETF shows that Canary is actively expanding its product line, targeting the investment demand for domestic Crypto Assets in the United States.

The US regulatory environment shifts: Staking ETFs may see breakthroughs.

Canary's new application comes at a time of significant changes in U.S. crypto policy:

July: Former SEC Commissioner Paul Atkins launched the "Crypto Assets Initiative" to promote clearer regulatory guidelines for encryption and tokenized assets.

August 5: The SEC issued a statement clarifying that certain liquidity staking arrangements are not subject to securities law jurisdiction, paving the way for staking ETFs.

This means that the possibility of ETFs like MRCA, which include staking rewards, being approved in the future is gradually increasing.

SEC Postponement Wave: Multiple Crypto Assets ETF Approvals Delayed

Despite a softening of regulatory attitudes, the SEC remains cautious in approving encryption ETFs:

Truth Social BTC & ETH ETF (NYSE Arca): Extended to October 8

21Shares & Bitwise Solana ETF: Extended to October 16

21Shares Core XRP Trust: Extended to October 19

WisdomTree XRP Fund (Cboe BZX): Extended to October 24, 2025

Canary PENGU ETF: Extended to October 12, 2025

Against this background, the approval timeline for MRCA remains uncertain, but the market maintains a high level of follow for its potential.

Conclusion

The "Made in America" Crypto Assets ETF launched by Canary Capital not only aligns with the growth trend of domestic blockchain projects in the United States but also hits the node of regulatory policy shifts and the potential breakthroughs of staking ETFs. Although the approval progress of the SEC remains the biggest variable, if approved, MRCA is expected to become another heavyweight product in the U.S. Crypto Assets ETF market, attracting institutional and retail investors seeking compliant and localized crypto asset allocations. For more updates on Crypto Assets ETFs and regulatory dynamics, please follow the official Gate platform.