Application for "American ETF" from Canary: Which altcoins will be included?

Uzmancoin

2025-08-26 00:58:23

Canary Capital, which previously filed ETF applications for many cryptocurrencies including XRP to Litecoin, SUI to Tron and Injective, recently submitted the “ETF for crypto projects launched in America” to the SEC, (SEC). The S-1 filing, which is the first step for the fund, was also sent to the Commission yesterday.

The content is not yet clear

According to the S-1 registration file, if the fund receives approval from the SEC, it will track an index called the “Made-in-America Blockchain Index” and will be priced accordingly. The content of this index, which will include U.S.-based cryptocurrencies, crypto companies, mining, and staking activities, is not yet clear. The company is expected to disclose these details close to the time the fund receives approval.

Which altcoins and companies could be?

Among the cryptocurrencies founded by Americans or those whose backing company or institution is based in the USA are XRP, Cardano (ADA), Solana, Chainlink, and Avalanche (AVAX).

However, these projects can include many cryptocurrencies, from Polkadot to Dogecoin, NEAR, Aptos to SUI, and even a stable coin like USDC. So the framework here can be kept very broad.

When looking at the application, it is expected that the index will include not only cryptocurrencies but also companies engaged in crypto-focused activities. The first thing that comes to mind here is Bitcoin mining companies.

While companies like Marathon Digital and RIOT Platforms lead the way, Jack Dorsey’s payment company Block, which also develops Bitcoin, can also be added to the list.

Trump’s World Liberty Financial and its stable coin USD1 are also among the projects that could be added to the list…

Trump had initiated

As a reminder, the US president Donald Trump mentioned this year a crypto reserve that includes Solana, Cardano, and XRP, made a post about it, and those 3 cryptocurrencies saw significant increases. However, it later emerged that there was no plan for such a reserve formation.

Published: August 26, 2025 11:58

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