Canary Capital’s Bold Move: Files to Launch ’Made-in-America’ ETF as Sector Explodes
Wall Street's latest obsession just got a patriotic twist—Canary Capital throws its hat into the ETF ring with a 'Made-in-America' fund targeting domestic equities.
Riding the ETF Wave
The filing drops amid record-breaking inflows into exchange-traded funds, with investors pouring billions into thematic products. Canary's pitch? Pure-play U.S. companies that manufacture, hire, and innovate solely on home soil—no global supply chain dependencies.
Strategy or Stunt?
The fund promises exposure to firms meeting strict domestic-content criteria—a nod to reshoring trends and political rhetoric. But skeptics whisper it's more marketing than alpha, another niche ETF chasing flows rather than fundamentals. Because nothing says 'American ingenuity' like financializing nationalism.
Timing is everything—or is it? With the ETF arms race heating up, Canary bets patriotism pays. Just don't ask about fees.
As crypto captures more mainstream attention, investors are looking for ways to access U.S.-linked digital assets through simpler, regulated investment vehicles like ETFs.
Canary Capital Files for U.S.-Focused Crypto ETF
In a latest move, asset manager Canary Capital has filed for a new ETF that focuses exclusively on U.S.-linked cryptocurrencies, which will track the Made-in-America blockchain index.
The fund, called the Canary American-Made Crypto ETF, will spotlight tokens created or primarily operated in the U.S. and may even earn rewards from validating blockchain transactions.
This ETF is designed to hold only cryptocurrencies with strong ties to the United States-
- Coins that were invented in the U.S.
- Coins that are mostly mined in the U.S.
- Coins with the majority of their operations based in the U.S.
This new fund joins a wave of products giving investors access to digital assets without the complexities and risks of holding crypto directly.
If approved, the ETF will list on the Cboe BZX Exchange under the ticker symbol MRCA.
White House’s “America First” Investment Strategy
This comes as U.S.-focused investing gains momentum.
On February 21, 2025, the WHITE House issued a memorandum establishing an “America First” investment strategy, linking economic security to national security. The policy aims to protect U.S. technology, infrastructure, and strategic industries.
U.S.-focused investing is also rising, with simpler, more accessible options drawing more investors.
Hard to Say Which Coins Will Qualify
Eric Balchunas, senior ETF analyst at Bloomberg, said it’s tough to know which coins WOULD be included. “Maybe it’s easier to ask which ones wouldn’t,” he added.
He also sparked a debate about Bitcoin’s origin, asking, “Bitcoin was invented in America, right?” One user replied that there’s no evidence it was made in the U.S., noting that Satoshi used British English and was active during UK hours.
Altcoin ETFs Gain Momentum
Meanwhile, Altcoin ETFs are also picking up steam as investors seek exposure to assets other than BTC and ETH.
Investment firms are increasingly filing ETFs for altcoins like XRP, Dogecoin, and Sui. Several XRP ETF issuers, including Canary Capital, recently updated their applications following SEC feedback, and analysts such as Eric Balchunas anticipate a wave of approvals beginning in October.
Institutional barriers to investing in crypto are *quickly* crumbling…
Perhaps many institutions can only invest in DATs today, but mandates are *rapidly* shifting towards allowing direct (or at least ETF) access.
Seems obvious.
ETF expert Nate Geraci notes that the barriers preventing institutional investors from entering the crypto market are quickly disappearing. Rules are rapidly evolving, making it possible for these investors to gain direct access to crypto or invest via ETFs.
