Opened last October by ex-Valkyrie founder and CEO Steven McClurg, Canary Capital quickly applied for four crypto-related exchange-traded funds (ETFs) that track Solana, XRP, Litecoin, and Hedera. Initially, the firm did not plan to launch ETFs; founder Steve McClurg stated it was more a result of betting on Donald Trump winning the presidency after an assassination attempt. Despite its recent establishment, Canary Capital has made significant strides in the crypto ETF landscape. McClurg previously co-founded Valkyrie Investments and worked there until joining CoinShares for six months before launching Canary Capital. The company's rapid progress has surprised even its own leadership as it ventured back into the ETF space, a domain they had not initially expected to re-enter.

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