資產經理Canary Capital已向美國證券交易委員會（SEC）提交了S-1註冊聲明，以啟動與Axelar（AXL）相關的交易所交易基金（ETF）。

這標誌著AXL的第一個文件，這是為Axelar網絡提供動力的本地加密貨幣，為令牌的機構採用奠定了基礎。

Asset manager Canary Capital has filed an S-1 registration statement with the US Securities and Exchange Commission (SECV) to launch an exchange-traded fund (ETF) tied to Axelar (AXL).

資產經理Canary Capital已向美國證券交易委員會（SECV）提交了S-1註冊聲明，以啟動與Axelar（AXL）相關的交易所交易基金（ETF）。

The filing, which was submitted on March 5, and is publicly available on the SEC’s website, discloses that the fund’s net asset value (NAV) will be calculated based on the price of AXL. However, it does not yet specify the exchange where the ETF will be listed, its ticker symbol, or the custodian.

該文件於3月5日提交，並在SEC網站上公開可用，揭示了該基金的淨資產價值（NAV）將根據AXL的價格計算。但是，它尚未指定將列出ETF的交換，其股票符號或保管人。

The proposed ETF builds on Canary Capital’s earlier efforts to bring Axelar to institutional investors. On February 19, the firm launched the Canary AXL Trust. The trust was Canary's first step into structured AXL offerings, and the ETF filing represents an extension of this initiative.

擬議的ETF建立在Canary Capital早期將Axelar帶入機構投資者的努力。 2月19日，該公司啟動了Canary Axl Trust。該信託是Canary邁向結構化AXL產品的第一步，ETF歸檔代表了該計劃的擴展。

“We see in AXL a significant opportunity for institutional investors to gain exposure to the technology underpinning next-generation blockchain connectivity,” said Canary Capital CEO Steven McClurg.

加那利資本首席執行官史蒂芬·麥克盧格（Steven McClurg）說：“我們在AXL中看到機構投資者為下一代區塊鏈連通性支撐的技術提供了重要的機會。”

The news of the filing had an immediate impact on the market. AXL’s price jumped 14.3% to reach $0.44.

備案的消息對市場產生了直接影響。 AXL的價格躍升了14.3％，達到0.44美元。

Trading volume also spiked to $35.7 million. This marked a 131.8% increase from the previous day.

交易量也飆升至3570萬美元。這比前一天增加了131.8％。

With a market capitalization of $405.5 million, Axelar is currently ranked 174 on CoinGecko.

Axelar的市值為4.055億美元，目前在Coingecko上排名174。

Crypto ETFs: A Booming Trend

加密ETF：蓬勃發展的趨勢

Canary Capital’s filing comes amid a broader surge in cryptocurrency ETF applications in the US, a trend that has accelerated since Donald Trump took office. According to Kaiko Research, more than 45 crypto ETF filings are currently pending SEC approval.

Canary Capital的申請是在美國的加密貨幣ETF應用程序中的廣泛激增之中，這一趨勢自唐納德·特朗普上任以來一直在加速。根據Kaiko Research，目前有45多個加密ETF申請待定的SEC批准。

While Bitcoin (BTC) and Ethereum (ETH) ETFs have dominated the space, the scope has expanded to include unconventional assets like meme coins. Bitwise and Grayscale have filed for a Dogecoin (DOGE) ETF.

儘管比特幣（BTC）和以太坊（ETH）ETF佔據了空間的主導地位，但范圍已擴展到包括Meme Coins等非常規資產。 Bitwise和Grayscale已申請Dogecoin（Doge）ETF。

Moreover, the ETF filings from Rex Shares and Tuttle Capital feature newly launched meme coins such as Official Trump (TRUMP) and Melania Meme (MELANIA).

此外，Rex Shares和Tuttle Capital的ETF文件新發行的Meme Coins，例如Trump官方（Trump）和Melania Meme（Melania）。

Nonetheless, according to Kaiko Research, market depth, concentration, and trading structure present significant obstacles for non-BTC/ETH ETFs. Many altcoins associated with ETF applications suffer from shallow liquidity, rendering them more susceptible to price manipulation and volatility.

儘管如此，根據Kaiko研究，市場深度，集中度和交易結構，對非BTC/ETH ETF仍然存在重大障礙。許多與ETF應用相關的AltCoins患有淺流動性，使它們更容易受到價格操縱和波動性的影響。

Additionally, most trading activity for these assets occurs on offshore platforms, posing issues for transparency and regulatory oversight. The lack of sufficient USD trading pairs for certain assets further complicates their inclusion in ETFs, as these pairs are crucial for accurate ETF valuations. Furthermore, the absence of regulated futures markets for many cryptocurrencies limits available trading strategies.

此外，這些資產的大多數交易活動都發生在離岸平台上，這提出了透明度和監管監督的問題。對於某些資產，缺乏足夠的美元交易對進一步使它們納入ETF，因為這些對對於準確的ETF估值至關重要。此外，對於許多加密貨幣，缺乏受監管的期貨市場可用的交易策略。

“All of these factors could limit the demand for more crypto-related ETFs going forward. While approval processes might change, market dynamics still have to catch up,” Kaiko noted.

“所有這些因素可能會限制對更多與加密相關的ETF的需求。儘管批准流程可能會發生變化，但市場動態仍然必須趕上。” Kaiko指出。

For now, AXL has been added to a growing list of crypto ETF filings. However, its success—and that of similar ETFs—remains to be seen.

目前，AXL已添加到越來越多的加密ETF文件列表中。但是，它的成功以及類似的ETF的成功。