The post Groundbreaking Axelar ETF Filing: Canary Capital’s Bold Crypto Move appeared on BitcoinEthereumNews.com.

Exciting news is brewing in the crypto world! Just when you thought the crypto ETF space couldn’t get any more interesting, Canary Capital, spearheaded by Steven McClurg, a name synonymous with crypto innovation from his Valkyrie days, has thrown its hat in the ring. They’ve officially filed with the SEC to launch a brand-new Exchange Traded Fund (ETF) focused on none other than Axelar’s native token, AXL. This move is generating significant buzz and for good reason. Let’s dive into why this is a landmark moment for Axelar, for crypto ETFs, and potentially for your investment portfolio. What Makes the Axelar ETF Filing by Canary Capital a Big Deal? The fact that Canary Capital is seeking to launch an Axelar ETF isn’t just another day in crypto. It’s a powerful signal of the growing maturity and diversification within the digital asset investment landscape. Here’s why this filing is turning heads: Validation for Cross-Chain Technology: Axelar isn’t your average blockchain. It’s a cross-chain protocol, designed to seamlessly connect different blockchains. Think of it as the internet for blockchains, enabling them to communicate and transact with each other. An ETF focusing on AXL is a major endorsement of this crucial technology, suggesting that investors are increasingly recognizing the importance of interoperability in the blockchain ecosystem. Institutional Thumbs-Up: Axelar’s integration by giants like J.P. Morgan, Microsoft, Uniswap, and MetaMask speaks volumes about its credibility and real-world application. Adding Brian Brooks, former Acting Comptroller of the Currency, to their Institutional Advisory Board further solidifies their institutional appeal. Canary Capital’s crypto ETF proposal is riding this wave of institutional acceptance, making it a potentially attractive offering for both retail and institutional investors. McClurg’s Track Record: Steven McClurg’s involvement adds significant weight to this venture. As a co-founder of Valkyrie, he has a proven history of…

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Filed under: News - @ March 6, 2025 2:27 am