Rush of Cryptocurrency ETF Filings Hits SEC Ahead of Gensler's Departure
Several cryptocurrency exchange-traded fund (ETF) proposals were submitted to the Securities and Exchange Commission (SEC) just before Gary Gensler's departure as Chair on Jan. 20. The crypto industry is anticipating regulatory changes under the incoming Trump administration, which is expected to be more crypto-friendly. ProShares, known for launching the first Bitcoin-linked ETF, applied for a Solana Futures ETF, while CoinShares filed for the "CoinShares Digital Asset ETF" and VanEck submitted an application for the "Onchain Economy" ETF. Nate Geraci, president of The ETF Store, noted the significance of these filings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Dominance Continues to Rise as Ethereum's Native Token Slumps Against It
Illinois Advances Bitcoin Strategic Reserve Bill with Minimum 5-Year Holding Period
How Stablecoins Are Becoming the Financial APIs of Artificial Intelligence
Former SEC Chairman Gary Gensler Found a New Job! Will His View on Cryptocurrencies Change?
Former SEC Chairman Gary Gensler is returning to MIT as a professor of the practice, FOX Business correspondent Eleanor Terrett reports.
Trending news
MoreCrypto prices
More
