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.