Canary Capital's New ETF Filing

Canary Capital Plans Axelar ETF

Canary Capital, led by Steven McClurg, intends to introduce an exchange-traded fund (ETF) that will track Axelar's (AXL) market value. McClurg, who previously helped establish Valkyrie Funds, continues to make strides in the digital asset investment sector.

SEC Filing Submitted

This past Wednesday marked a significant step toward launching the planned ETF as an S-1 filing was submitted to the U.S. Securities and Exchange Commission (SEC). This submission initiates the official procedure to bring the fund to market.

ETF Endeavors at Canary Capital

Canary Capital is no stranger to the ETF space; the firm has a history of submitting filings for multiple similar products. Some of these ETFs have progressed past the acknowledgment stage and are now in the pipeline for regulatory approval.