What Canary American-made crypto ETF means for altcoins?
📊ETF
Summary
• Canary Capital filed for an American-made crypto ETF with the SEC.
• The move sparks speculation of an upcoming altcoin season in the US.
• XRP and other top US-made altcoins may benefit from increased institutional interest.
Canary Capital, a digital asset and crypto fund manager filed for an American-made crypto ETF with the US financial regulator, the SEC, fueling speculation of an “altcoin season” or gains in made in USA altcoins. In this deep dive we analyze the impact of Canary’s American-made crypto ETF on tokens like XRP, Cardano, Chainlink, Solana and Stellar, the top five cryptocurrencies in the made in USA category, ranked by market capitalization.
