Canary Capital applies to US SEC to launch ETF tracking cross-chain protocol Axelar

PANews March 6th news, according to CoinDesk, Canary Capital, a digital asset-focused investment company founded by former Valkyrie Funds co-founder Steven McClurg, is planning to launch an ETF that tracks the price of Axelar (AXL). The company filed S-1 documents with the U.S. Securities and Exchange Commission (SEC) on Wednesday, launching the process to launch such funds. The hedge fund has previously submitted documents for several other ETFs. Some of them have been confirmed by the SEC and are awaiting approval.

Axelar is a cross-chain protocol connecting blockchains that has been integrated by major players such as JPMorgan Chase, Microsoft, Uniswap and MetaMask, and former Coinbase legal director Brian Brooks joins Axelar's new institutional advisory board.