美国证券交易委员会（SEC）的Axelar（AXL）交易所交易基金（ETF）的金丝雀资本档案

这一举动于2025年3月6日宣布，这表明对山寨币的机构兴趣激增，并加强了资产经理之间的竞争

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.

加密货币市场在2025年的预期嗡嗡作响，因为金丝雀资本向美国证券交易委员会（SEC）（SEC）（SEC）提交了Axelar（AXL）交易所交易基金（ETF）标志着加密ETF竞赛中的大胆新篇章。

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.

这一举动于2025年3月6日宣布，这表明对山寨币的机构兴趣激增，并加强了资产管理者之间的竞争，以争夺对多元化加密货币的需求不断增长。这是加那利首都的Axelar ETF如何重塑景观，为什么重要以及对加密货币投资的未来意味着什么。

What Is the Axelar ETF Filing?

什么是Axelar ETF归档？

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是一家数字资产投资公司，已向SEC提交了S-1注册声明，以启动针对Axelar的本地令牌Axl的ETF。 Axelar是一个基于宇宙的互操作性平台，可以在以太坊，仲裁和乐观等区块链网络之间进行无缝通信，从而使其成为跨链生态系统中的关键参与者。拟议的ETF旨在为投资者提供AXL的接触，以利用JP Morgan，Microsoft，Uniswap和Metamask等主要参与者的收养不断增加。

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.

该文件遵循了Bitwise Asset Management的类似举动，Bitwise Management在同一天宣布了基于APTOS的ETF，突出了更广泛地推进AltCoin ETF。对于Canary Capital来说，这代表了Axelar推动区块互操作性创新潜力的战略赌注，随着加密货币市场的扩大，该部门变得越来越重要。

Why Axelar? The Interoperability Edge

为什么要轴？互操作性边缘

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以其互操作性解决方案而闻名，这是区块链行业的紧迫问题。通过桥接不同的网络，Axelar促进了跨链交易，并使分散的应用程序（DAPP）能够在整个生态系统之间无缝运行，这对于Web3的未来至关重要，在这种情况下，用户需要平台之间无摩擦的互动。

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.

这种互操作性使Axelar成为机构巨头的热门商品。 JP Morgan已将Axelar集成了跨境支付，而Microsoft则在Azure区块链解决方案中利用它。此外，乐观情绪正在使用Axelar启用跨链DAPP集成，MetAmask通过平台促进了钱包的连接。

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.

布莱恩·布鲁克斯（Brian Brooks）的在场，前代理审计长，现在是Axelar机构顾问委员会的存在，进一步象征着强有力的机构支持。 Canary Capital的ETF攻入这一势头，将AXL定位为通向新兴的跨链市场的门户。

The Crypto ETF Race Heats Up

加密ETF竞赛加热

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的申请加剧了本已竞争的加密ETF种族。自2024年比特币和以太坊ETF的批准以来，资产经理一直争先恐后地使产品超越这些巨头。现在，市场正在看到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.

这项竞争反映了更广泛的趋势：投资者渴望接触新兴的区块链技术，而金丝雀资本将自己定位为这一领域的领导者。

Canary Capital’s Strategic Vision

金丝雀资本的战略愿景

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以关注数字资产和加密货币而闻名，为该文件带来了十年的经验。在Valkyrie Funds的前高管史蒂文·麦克卢格（Steven McClurg）的带领下，该公司拥有导航加密货币复杂性的记录。它的投资团队由加密本地和传统的金融专业人士组成，强调了经过风险调整的回报，并提供机构级别的安全性。

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与Canary Capital的使命一致，以使获得加密货币的访问权限。通过针对AXL，该公司挖掘出具有高增长潜力的利基市场，对零售和机构投资者都有吸引力。

“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可访问性的新领域。”这强调了其扩大市场参与的潜力。

Implications for Investors

对投资者的影响

An approved Axelar ETF could have far-reaching effects:

批准的Axelar ETF可能会产生深远的影响：

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，仍然存在风险。与比特币或以太坊相比，Axelar较小的市值可能导致较高的波动性，并且监管不确定性可能会延迟或使ETF脱轨。尽管如此，潜在的奖励还是很大的，尤其是随着跨链解决方案获得吸引力。

Challenges and Opportunities Ahead

挑战和机遇

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在对SEC进行审查方面面临障碍，尤其是在AXL的分类和市场稳定性周围。特朗普的因素（以他的亲克莱普托的立场和加密特遣部队的推出）可能会加速认可，但对某些监管机构的怀疑持续了。如2025年2月7日，Tidal Financial的Michael Venuto在CNBC的报告中指出，像AXL这样的较小或利基硬币可能会面临额外的审查。

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，机会比比皆是。 Axelar与科技巨头的合作伙伴关系及其在桥接区块链中的作用以增长。如果Canary Capital成功，它可能会为Altcoin ETF树立先例，增强种族并扩大加密投资格局。

Summing Up

总结

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

Canary Capital的Axelar ETF申请是加密ETF竞赛中的关键时刻，加剧了竞争和