Canary CEO: The application for the imitation ETF aims to position itself in assets with potential that have not yet met market demand

ChainCatcher news, Canary Capital CEO Steven McClurg stated that the company's recently submitted "innovative" cryptocurrency exchange-traded fund (ETF) application is a well-considered strategy aimed at positioning itself in assets with potential that the market demand has yet to satisfy.

Steven McClurg said, "If you are a large institution like BlackRock, you can afford to take risks. But for smaller companies like us, we won't act recklessly unless we truly believe we can succeed. We are very cautious with both time and funds, ensuring that all decisions are feasible." He also believes that many proposals may be approved next year.