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SEC Transition Sparks Surge in Crypto ETF Applications, Including VanEck's Innovative Proposal

by aria-crypto.com

January 19, 2025 at 18:33

SEC Transition Sparks Surge in Crypto ETF Applications, Including VanEck's Innovative Proposal

Several leading financial institutions are seizing the anticipated departure of SEC Chair Gary Gensler to file for a range of crypto-related ETFs. Bloomberg’s senior ETF analyst James Seyffart has highlighted a significant uptick in applications from firms such as Tidal Financial Group, ProShares, Coinshares, and notably, VanEck. Tidal’s proposal includes the Oasis Capital Digital Asset Debt Strategy ETF, focusing on the debt securities of crypto ecosystems. ProShares is aiming to introduce a Solana Futures ETF and multiple XRP-related funds. Meanwhile, Coinshares plans to launch an ETF based on its CoinShares-Compass Crypto Market Index. VanEck has set its sights on a unique "Onchain Economy ETF," which interestingly will invest not in digital assets directly, but in digital asset instruments and digital transformation companies. This flurry of activity comes as Gensler, known for his stringent stance on crypto regulation, prepares to step down ahead of President-elect Donald Trump's inauguration. Under Gensler's tenure, the SEC launched numerous lawsuits against crypto firms and was reluctant to approve Bitcoin-based ETFs, only doing so under judicial pressure.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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