Several financial giants are reportedly filing for crypto-related exchange-traded funds (ETFs) as they anticipate the departure of Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC).
In a new thread on the social media platform X, Bloomberg senior ETF analyst James Seyffart reports that a “flurry” of companies are filing for crypto ETFs, including Tidal Financial Group, ProShares, Coinshares and VanEck.
Seyffart notes that Tidal is filing for its Oasis Capital Digital Asset Debt Strategy ETF (DADS), which plans to invest in the debt securities of crypto ecosystems.
He also reports that ProShares has filed for a Solana (SOL) Futures ETF and several XRP-related ETFs while CoinShares has filed to launch the CoinShares Digital Assets ETF, which will be based on its
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