The US is living a fever that shows no signs of a halt. The funds quoted in the Bag Tomong Bag (ETF) multiply at a dizzy pace.
What started on Bitcoin (BTC) and Ether (ETH) alone, Ethereum cryptocurrency, Today it is expanding into emerging digital assetswas promoted by companies seeking to capitalize in a fully foamable market.
At the heart of this trend, the Canary Capital Group was placed. This has been around for just a year, I put a suggestion on the table that allows me to redraw the panorama..
Canary capital is a high point with multiple proposals
The Canary Capital Group was founded by Steven McClurg – previously collaboratively developing Valkyrie Funds – Advanza aims to issue a variety of cryptocurrency ETFs US market.
The company already has it Six requests submitted to regulatory authoritiesan effort that began in 2024 with an ETF based on Ripple XRP. This was followed by all the Litecoin (LTC), Hedera (Hbar) and Solana (Sol) proposals introduced last year, as reported by Cryptootics.
Among these initiatives, Litecoin’s ETF highlights its progress. The fund has already been listed on the Deposit Trust & Clearing Corporation (DTCC) list. Essential steps for ETFs aiming to operate in the US.
Including the DTCC, a process that followed Bitcoin and Ether ETFs prior to approval, brings the products of canary capital to potential green light by the Bags and Securities Commission (SEC).
New Horizon: Axl and Sui enter the scene
But ambition doesn’t stop there: this weekthe company has added two new projects to its list.focusing on Axl de Axlar and SUI Cryptocurrencies of the Homonymous Network.
Last Wednesday, Canary Capital obtained the right to issue an AXL ETF by submitting an S-1 record before the SEC. Based on the universe, cosmos, Promote interoperability between cryptocurrency networksallowing traditionally isolated systems to exchange information and assets.
SUI, a native token for SUI networks, tackles transaction scalability and speed thanks to a unique programming language designed to optimize operations in distributed applications.
On March 7, 2025, Canary Capital took another preliminary step in SUI ETFs before the Delaware Department of State’s corporate division.
This procedure is usually between fund managers. It is usually a prelude to the presentation of the S-1 form before the SECwhich suggests that the company has finalized details to take this proposal to the next level.
Despite the growing popularity of ETFs, the underlying assets behaviour based on these devices does not seem to be fully reflected in the market. With Axl you can see what the price looks like. A 4% decrease in the last 24 hours.
However, this may be due to the fact that these assets follow the general trends of the market, which is currently at a bearish stage.
Favorable context promotes trends
The impulse of cryptocurrency ETFs does not occur in a vacuum. Since launching more than 20 Bitcoin and Ether based funds in 2024the market is gaining interest in investors and regulators.
This added President Donald Trump’s position of management, adopting a more open vision for digital assets.
This combination Created fertile land for ETFs to accumulate. For example, only in January 2025 were offered fund proposals based on Mimecoin, such as official Trump (Trump), Bonk (Bonk), Doge Coin. This indicates the diversification of the phenomenon.
Where does this boom go?
The number of cryptocurrency ETFs will increase, Markets carefully observe the next SEC movement And the impact of these financial tools on the large-scale adoption of digital assets.
Canary capital focuses on both integrated and emerging projects, reflecting clear trends. Cryptocurrency is no longer a niche, it is the land where finances try to reinvent themselves.
It remains to be seen whether this boom will be integrated as permanent or will, like other phenomena of the past, will adapt to traditional gaming rules.
(tagstotranslate)altcoins
