Wu Blockchain (@WuBlockchain): Canary Capital’s Frequent ETF Filings: Are Alternative Crypto ETFs Just a Marketing Ploy?
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Canary Capital’s Frequent ETF Filings: Are Alternative Crypto ETFs Just a Marketing Ploy? The low cost of submitting S-1 documents may be one of the reasons for the recent large number of applications for altcoin ETFs. It only costs $100k. Canary has applied for SUI, Axelar, LTC, AXL, Solana, XRP, etc. The latest application of PENGU ETF has caused controversy. The founder of Canary Capital is Steven McClurg, who is also the co-founder of Valkyrie Funds, and Justin Sun is also an investor in Valkyrie. Read more wublock.substack.com/p/canary-capit…