The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF

The proposed ETF would list on NYSE.

The fund gives investors exposure feature exposure to both spot bitcoin and ether, weighted by market capitalization.

Opened last October by ex-Valkyrie founder and CEO Steven McClurg, Canary quickly filed back-to-back applications for four crypto-related exchange-traded funds (ETF).

The asset manager is among a number of issuers seeking ETFs for the memecoin.

The daily performance returns of these tokens will be tracked and generated through swaps, call options, and direct investments, per the filing.

The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.

With memecoins dominating the headlines, issuers are filing fresh ETF applications. But is a memecoin ETF a good investment?

Bitwise has registered for an ETF product tracking the world’s largest memecoin as the crypto subsector becomes more prominent within the market.

The küresel investment management firm plans to launch two similar funds in February.