VanEck and Others File for Crypto-Related ETFs As Issuers Anticipate Departure of SEC Chair Gary Gensler: Report

A number of monetary giants have reportedly filed for crypto-related exchange-traded funds (ETFs) as they anticipate the departure of Gary Gensler, the chairman of the US Securities and Trade Fee (SEC).

In a brand new thread on the social media platform

Seyffart notes that Tidal is submitting for its Oasis Capital Digital Asset Debt Technique ETF (DADS), which plans to spend money on the debt securities of crypto ecosystems.

He additionally stories that ProShares has filed for a Solana (SOL) Futures ETF and a number of other XRP-related ETFs, whereas CoinShares has filed to launch the CoinShares Digital Belongings ETF, which will probably be based mostly on the CoinShares-Compass Crypto Market Index.

Seyffart goes on to say that ETF supplier VanEck has filed to launch its ‘Onchain Economic system ETF’, which is not going to spend money on digital property itself, however will as a substitute concentrate on digital asset devices, akin to futures contracts and digital transformation corporations.

In response to earlier stories, Gensler will step down from his place on January 20 earlier than President-elect Donald Trump is inaugurated for his second time period.

Underneath Gensler’s management, the SEC filed quite a few high-profile lawsuits towards outstanding crypto corporations akin to Coinbase, Kraken and Ripple Labs and solely authorised the launch of the Bitcoin (BTC)-based ETFs after a court docket was compelled to take action. .

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