Several financial 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 Exchange Commission (SEC).
In a new thread on the social media platform
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 too reports that ProShares has filed for a Solana (SOL) Futures ETF and several XRP-related ETFs, while CoinShares has submitted to launch the CoinShares Digital Assets ETF, which will be based on the CoinShares-Compass Crypto Market Index.
Seyffart continues participation that ETF provider VanEck has signed up to launch its ‘Onchain Economy ETF’, which will not invest in digital assets itself, but will instead focus on digital asset instruments, such as futures contracts and digital transformation companies.
According to previous reports, Gensler will step down from his position on January 20 before President-elect Donald Trump is inaugurated for his second term.
Under Gensler’s leadership, the SEC filed numerous high-profile lawsuits against prominent crypto companies such as Coinbase, Kraken and Ripple Labs and only approved the launch of the Bitcoin (BTC)-based ETFs after a court was forced to do so. .
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Generated image: Midjourney