Canary CEO: The purpose of the counterfeit ETF application is to allocate resources for assets with potential and unmet market demand
Canary Capital CEO Steven McClurg stated that the company's recently submitted "innovative" application for a cryptocurrency exchange-traded fund (ETF) is a well-considered strategy, aimed at positioning assets with potential and unmet market demand.
Steven McClurg said: If you are a large institution like BlackRock, you can take risks. But for small and medium-sized companies like us, we won't act recklessly unless we really think we can succeed. We are very cautious about time and money to ensure all decisions are feasible. And believe that many proposals may be approved next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Current mainstream CEX and DEX funding rates indicate that the market remains bearish

Trending news
MoreData: In the past 24 hours, total liquidations across the network reached $143 million, with long positions liquidated for $84.3764 million and short positions liquidated for $58.4925 million.
Strategy CEO: Will only consider selling bitcoin if the stock price falls below net asset value and new funds cannot be obtained