The post Canary Capital launches the ETF MRCA appeared on BitcoinEthereumNews.com.

S-1 filing submitted to the SEC on August 25, 2025: Canary Capital puts the USA crypto ETF “Canary American‑Made Crypto ETF” with ticker MRCA on the table, designed to offer exposure to digital assets with predominantly American roots and with a planned listing on Cboe BZX. The fund aims to transparently replicate the proprietary index, operating through direct exposure – without leverage and without derivatives – and entrusting custody to a trust regulated in the United States. It should be noted that the setup is deliberately essential, with a straightforward operational architecture. According to the data collected from the analysis of public filings and reports from market operators, the SEC’s requests for clarification on crypto products tend to focus on custody, governance, and risks related to staking. Industry analysts observe that a geographical filter like the “Made‑in‑USA” requirement can facilitate regulatory dialogue on compliance aspects, while not eliminating the need for operational details (e.g., names of custodians and slashing policies). In the past, similar processes have seen documentary integrations requested by the SEC within a timeframe that typically varies from 30 to 120 days. What MRCA offers new MRCA is created to channel capital towards protocols and tokens closely linked to the development, governance, or infrastructure of the United States. The proposal includes: Physical replication of the index through the direct purchase of eligible tokens; Exclusion of stablecoin, memecoin, and tokens pegged to traditional currencies or assets; Quarterly rebalancing of the index, with criteria related to liquidity and compliance; Possibility of staking for proof‑of‑stake consensus assets through third-party providers, with rewards reinvested in the NAV; Custody entrusted to a regulated trust (based, for example, in South Dakota) and management of the majority of reserves in cold storage (custody insight). “Made‑in‑America Blockchain Index”: selection criteria and exclusions The “Made in America”…

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Filed under: News - @ August 26, 2025 9:28 am