On March 6, 2025, Canary Capital submitted the first Axelar (AXL) ETF application to the U.S. Securities and Exchange Commission (SEC), which could lead to a 14% increase in AXL price. If this application is approved, it will be a significant milestone in the cryptocurrency field.
Axelar's cross-chain technology has potential in the development of Web3, especially since more than 60 blockchains are already connected to its network.
Approval of the Axelar ETF will attract institutional investors, enhancing liquidity and price stability.
Axelar adopts a PoS consensus mechanism, allowing holders to earn approximately 7% annualized returns through staking.
If the ETF is approved, this trust fund will provide traditional investors with an easy way to participate in the crypto market, especially for those optimistic about the future of blockchain interoperability. The utility of AXL (network security, governance) may also support its long-term value.
