Overview

• The spot fund would restrict holdings to digital assets with strong U.S. ties such as being developed domestically, predominantly mined or minted in the country, or operated mainly in the United States.
• The ETF is designed to track the Made-in-America Blockchain Index and the trust aims to generate additional income by participating in network validation processes like staking.
• The filing lists no specific coins; market data cited in coverage suggests U.S.-origin assets exceed $520 billion in value, with projects like XRP, Solana, Cardano, Chainlink, Stellar, Avalanche, Hedera, and Sui often mentioned as examples.
• The product is not yet tradable as an exchange must still file a 19b-4 with the SEC, and the agency has pushed some crypto ETF decisions into October.
• Industry activity continues with Grayscale registering to convert its Avalanche fund into a publicly traded trust on Nasdaq with Coinbase as custodian, potentially allowing AVAX staking if approved.