Canary registered AXL Trust "CANARY AXL TRUST" in Delaware on January 22

According to the information from the Corporate and Division of Corporations Information System (ICIS) of the state of Delaware, United States, on January 22, Canary Capital registered the "CANARY AXL TRUST" AXL trust in Delaware, with the file number 10073958. The entity type is a general trust, and the trust has not yet fully entered into operation. The trust is annotated as "not a statement of good standing", which may mean that the document does not indicate that the trust is currently in good standing. Good standing usually means that the company has not violated the state's laws or has not been dissolved. It is worth noting that Canary had previously applied to register the "CANARY HBAR TRUST" HBAR trust in the same location on September 18, 2024, with the file number 5145567, which also had the "not a statement of good standing" annotation. Subsequently, Canary registered the CANARY HBAR ETF on September 24, 2024, with the file number 5231034. On November 13, 2024, Bloomberg's senior ETF analyst Eric Balchunas stated that Canary had submitted an application for the HBAR ETF, which would track the "native asset of the Hedera Network".