美國證券交易委員會（SEC）的Axelar（AXL）交易所交易基金（ETF）的金絲雀資本檔案

這一舉動於2025年3月6日宣布，這表明對山寨幣的機構興趣激增，並加強了資產經理之間的競爭

The cryptocurrency market is buzzing with anticipation in 2025 as Canary Capital’s filing for an Axelar (AXL) Exchange Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC) marks a bold new chapter in the crypto ETF race.

加密貨幣市場在2025年的預期嗡嗡作響，因為金絲雀資本向美國證券交易委員會（SEC）（SEC）（SEC）提交了Axelar（AXL）交易所交易基金（ETF）標誌著加密ETF競賽中的大膽新篇章。

This move, announced on March 6, 2025, signals a surge in institutional interest in altcoins and intensifies competition among asset managers vying to capture the growing demand for diversified crypto exposure. Here’s how Canary Capital’s Axelar ETF could reshape the landscape, why it matters, and what it means for the future of cryptocurrency investments.

這一舉動於2025年3月6日宣布，這表明對山寨幣的機構興趣激增，並加強了資產管理者之間的競爭，以爭奪對多元化加密貨幣的需求不斷增長。這是加那利首都的Axelar ETF如何重塑景觀，為什麼重要以及對加密貨幣投資的未來意味著什麼。

What Is the Axelar ETF Filing?

什麼是Axelar ETF歸檔？

Canary Capital, a digital asset investment firm, has submitted an S-1 registration statement to the SEC to launch an ETF focused on Axelar’s native token, AXL. Axelar, a Cosmos-based interoperability platform, enables seamless communication between blockchain networks such as Ethereum, Arbitrum, and Optimism, rendering it a critical player in the cross-chain ecosystem. The proposed ETF aims to provide investors with exposure to AXL, leveraging its increasing adoption by major players like JP Morgan, Microsoft, Uniswap, and MetaMask.

Canary Capital是一家數字資產投資公司，已向SEC提交了S-1註冊聲明，以啟動針對Axelar的本地令牌Axl的ETF。 Axelar是一個基於宇宙的互操作性平台，可以在以太坊，仲裁和樂觀等區塊鍊網絡之間進行無縫通信，從而使其成為跨鏈生態系統中的關鍵參與者。擬議的ETF旨在為投資者提供AXL的接觸，以利用JP Morgan，Microsoft，Uniswap和Metamask等主要參與者的收養不斷增加。

This filing follows a similar move by Bitwise Asset Management, which announced an Aptos-based ETF on the same day, highlighting a broader push into altcoin ETFs. For Canary Capital, this represents a strategic bet on Axelar’s potential to drive innovation in blockchain interoperability, a sector becoming increasingly vital as the crypto market expands.

該文件遵循了Bitwise Asset Management的類似舉動，Bitwise Management在同一天宣布了基於APTOS的ETF，突出了更廣泛地推進AltCoin ETF。對於Canary Capital來說，這代表了Axelar推動區塊互操作性創新潛力的戰略賭注，隨著加密貨幣市場的擴大，該部門變得越來越重要。

Why Axelar? The Interoperability Edge

為什麼要軸？互操作性邊緣

Axelar is best known for its interoperability solutions, a pressing issue in the blockchain industry. By bridging disparate networks, Axelar facilitates cross-chain transactions and enables decentralized applications (dApps) to operate seamlessly across ecosystems—a capability crucial for the future of Web3, where users demand frictionless interactions between platforms.

Axelar以其互操作性解決方案而聞名，這是區塊鏈行業的緊迫問題。通過橋接不同的網絡，Axelar促進了跨鏈交易，並使分散的應用程序（DAPP）能夠在整個生態系統之間無縫運行，這對於Web3的未來至關重要，在這種情況下，用戶需要平台之間無摩擦的互動。

This interoperability is rendering Axelar a hot commodity among institutional giants. JP Morgan has integrated Axelar for cross-border payments, while Microsoft is leveraging it in Azure blockchain solutions. Moreover, Optimism is using Axelar to enable cross-chain dApp integration, and MetaMask is facilitating wallet connectivity via the platform.

這種互操作性使Axelar成為機構巨頭的熱門商品。 JP Morgan已將Axelar集成了跨境支付，而Microsoft則在Azure區塊鏈解決方案中利用它。此外，樂觀情緒正在使用Axelar啟用跨鏈DAPP集成，MetAmask通過平台促進了錢包的連接。

The presence of Brian Brooks, former Acting Comptroller of the Currency and now on Axelar’s Institutional Advisory Board, further signifies strong institutional support. Canary Capital’s ETF taps into this momentum, positioning AXL as a gateway to the burgeoning cross-chain market.

布萊恩·布魯克斯（Brian Brooks）的在場，前代理審計長，現在是Axelar機構顧問委員會的存在，進一步象徵著強有力的機構支持。 Canary Capital的ETF攻入這一勢頭，將AXL定位為通向新興的跨鏈市場的門戶。

The Crypto ETF Race Heats Up

加密ETF競賽加熱

Canary Capital’s filing intensifies an already competitive race for crypto ETFs. Since the approval of Bitcoin and Ethereum ETFs in 2024, asset managers have scrambled to diversify offerings beyond these giants. The market is now seeing a surge in altcoin ETFs, with Litecoin, XRP, and Solana also in the pipeline.

Canary Capital的申請加劇了本已競爭的加密ETF種族。自2024年比特幣和以太坊ETF的批准以來，資產經理一直爭先恐後地使產品超越這些巨頭。現在，市場正在看到Altcoin ETF的激增，而Litecoin，XRP和Solana也在渠道中。

This competition reflects a broader trend: investors are eager for exposure to emerging blockchain technologies, and Canary Capital is positioning itself as a leader in this space.

這項競爭反映了更廣泛的趨勢：投資者渴望接觸新興的區塊鏈技術，而金絲雀資本將自己定位為這一領域的領導者。

Canary Capital’s Strategic Vision

金絲雀資本的戰略願景

Canary Capital, known for its focus on digital assets and cryptocurrencies, brings a decade of experience to this filing. Led by Steven McClurg, a former executive at Valkyrie Funds, the firm has a track record of navigating crypto's complexities. Its investment team, composed of crypto-native and traditional finance professionals, emphasizes risk-adjusted returns and provides institutional-grade security.

Canary Capital以關注數字資產和加密貨幣而聞名，為該文件帶來了十年的經驗。在Valkyrie Funds的前高管史蒂文·麥克盧格（Steven McClurg）的帶領下，該公司擁有導航加密貨幣複雜性的記錄。它的投資團隊由加密本地和傳統的金融專業人士組成，強調了經過風險調整的回報，並提供機構級別的安全性。

The Axelar ETF aligns with Canary Capital’s mission to democratize access to cryptocurrencies. By targeting AXL, the firm taps into a niche with high growth potential, appealing to both retail and institutional investors.

Axelar ETF與Canary Capital的使命一致，以使獲得加密貨幣的訪問權限。通過針對AXL，該公司挖掘出具有高增長潛力的利基市場，對零售和機構投資者都有吸引力。

“The launch of the Canary AXL ETF represents a new frontier for altcoin accessibility, ” a COINOTAG source noted, highlighting its potential to broaden market engagement.

一位Coinotag消息人士指出，“加那AXL ETF的推出代表了Altcoin可訪問性的新領域。”這強調了其擴大市場參與的潛力。

Implications for Investors

對投資者的影響

An approved Axelar ETF could have far-reaching effects:

批准的Axelar ETF可能會產生深遠的影響：

However, risks remain. Axelar’s smaller market cap compared to Bitcoin or Ethereum could lead to higher volatility, and regulatory uncertainty might delay or derail the ETF. Still, the potential rewards are substantial, especially as cross-chain solutions gain traction.

但是，仍然存在風險。與比特幣或以太坊相比，Axelar較小的市值可能導致較高的波動性，並且監管不確定性可能會延遲或使ETF脫軌。儘管如此，潛在的獎勵還是很大的，尤其是隨著跨鏈解決方案獲得吸引力。

Challenges and Opportunities Ahead

挑戰和機遇

Canary Capital faces hurdles in navigating SEC scrutiny, particularly around AXL’s classification and market stability. The Trump factor—following his pro-crypto stance and the launch of a crypto task force—could accelerate approvals, but skepticism from some regulators persists. Smaller or niche coins like AXL might face additional scrutiny, as noted by Michael Venuto of Tidal Financial in a CNBC report on February 7, 2025.

Canary Capital在對SEC進行審查方面面臨障礙，尤其是在AXL的分類和市場穩定性周圍。特朗普的因素（以他的親克萊普託的立場和加密特遣部隊的推出）可能會加速認可，但對某些監管機構的懷疑持續了。如2025年2月7日，Tidal Financial的Michael Venuto在CNBC的報告中指出，像AXL這樣的較小或利基硬幣可能會面臨額外的審查。

Yet, opportunities abound. Axelar’s partnerships with tech giants and its role in bridging blockchains position it for growth. If Canary Capital succeeds, it could set a precedent for altcoin ETFs, intensifying the race and broadening the crypto investment landscape.

但是，機會比比皆是。 Axelar與科技巨頭的合作夥伴關係及其在橋接區塊鏈中的作用以增長。如果Canary Capital成功，它可能會為Altcoin ETF樹立先例，增強種族並擴大加密投資格局。

Summing Up

總結

Canary Capital’s Axelar ETF filing is a pivotal moment in the crypto ETF race, intensifying competition and

Canary Capital的Axelar ETF申請是加密ETF競賽中的關鍵時刻，加劇了競爭和