Several financial giants are reportedly filing for cryptocurrency-related exchange-traded funds (ETFs) in anticipation of the retirement of U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler.
In a new thread on social media platform It is reported that
Seifert memo Tidal has filed an application for the Oasis Capital Digital Asset Debt Strategy ETF (DADS), which plans to invest in bonds in the cryptocurrency ecosystem.
He also report ProShares has filed a Solana (SOL) futures ETF and several XRP-related ETFs, while CoinShares has filed for a Solana (SOL) futures ETF and several XRP-related ETFs. submitted To launch the CoinShares Digital Assets ETF based on the CoinShares-Compass crypto market index.
Seifert continues: say ETF provider VanEck has filed to launch an “on-chain economy ETF” that would not invest in digital assets themselves, but instead would focus on digital asset products such as futures contracts and digital transformation companies.
According to previous reports, Gensler plans to step down from his position on January 20, ahead of President-elect Donald Trump's inauguration for a second term.
Under Mr. Gensler's direction, the SEC has filed a number of high-profile lawsuits against prominent crypto companies such as Coinbase, Kraken, and Ripple Labs, and has continued to hold Bitcoin (BTC)-based ETFs until forced to do so by the courts. did not approve the launch. .
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