Exhibit 3.2

	Delaware	Page 1
	The First State

I, CHARUNI PATIBANDA-SANCHEZ, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF STATUTORY TRUST REGISTRATION OF “CANARY AXL ETF”, FILED IN THIS OFFICE ON THE TWENTY-SEVENTH DAY OF FEBRUARY, A.D. 2025, AT 3:45 O`CLOCK P.M.

10114556 8100

SR# 20250802444

You may verify this certificate online at corp.delaware.gov/authver.shtml

Charuni Patibanda-Sanchez, Secretary of State

Authentication: 203050658

Date: 02-28-25

CERTIFICATE OF TRUST
OF

CANARY AXL ETF

THIS Certificate of Trust of Canary AXL ETF (the “Trust”) is being duly executed and filed on behalf of the Trust by the undersigned, as trustee, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. § 3801 et seq.) (the “Act”).

1. Name. The name of the statutory trust formed by this Certificate of Trust is Canary AXL ETF.

2. Delaware Trustee. The name and address of the trustee of the Trust having a principal place of business in the State of Delaware is CSC Delaware Trust Company, 251 Little Falls Drive, Wilmington, DE 19808, Attn: Corporate Trust.

3. Effective Date. This Certificate of Trust shall be effective upon filing.

IN WITNESS WHEREOF, the undersigned trustee has duly executed this Certificate of Trust in accordance with Section 3811(a)(1) of the Act.

	CSC DELAWARE TRUST COMPANY, not in its individual capacity but solely as trustee

	By:
	Name: Gregory Daniels
	Title: Vice President

State of Delaware

Secretary of State
Division of Corporations
Delivered 03:45 PM 02/27/2025
FILED 03:45 PM 02/27/2025
SR 20250802444 - File Number 10114556

Canary AXL ETF S-1