BlockBeats News, March 28th, Canary Capital CEO Steven McClurg stated that the company's recently submitted "innovative" cryptocurrency exchange-traded fund (ETF) application is a carefully considered strategy designed to position in assets with potential and unmet market demand.
Steven McClurg said: "If you are a large institution like BlackRock, you can take risks. As a small to medium-sized company like us, we will not act recklessly unless we truly believe in success. We are very cautious with both time and capital, ensuring that all decisions are viable." He also believes that many proposals may be approved next year.
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