Canary Capital, led by former Valkyrie co-founder Steven McClurg, has filed for an Axelar ETF with the Securities and Exchange Commission. Following the filing, the AXL token experienced a remarkable 20% surge, with trading volume increasing by 180%. This news brings attention to the growing interest in cryptocurrencies linked to ETFs and highlights the potential for further growth in digital asset investment. Investors are enthusiastic about what this could mean for the future of the AXL token as attention shifts towards regulated investment vehicles. As the demand for innovative financial products continues to rise, the Axelar ETF could pave the way for broader adoption of cryptocurrency-based strategies within traditional finance. This development marks a crucial moment for both Canary Capital and the cryptocurrency community, setting a competitive tone in the fast-evolving financial landscape.