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

As a quintessential New Yorker might say, there’s a storm brewing in the financial district. The big shots are lining up to file crypto ETFs, just as Gary Gensler, the head honcho at the SEC, is packing his bags. Financial titans like Tidal Financial Group, ProShares, CoinShares and VanEck are jumping in, sensing the winds are about to change.

It’s like a New York deli rush hour in the crypto ETF ecosystem. James Seyffart, a senior ETF analyst over at Bloomberg, mentioned a swarm of filings on social media platform X that caught everyone’s eye. The buzz is real, folks.

Now, let’s break it down. Tidal’s cooking up something called the Oasis Capital Digital Asset Debt Strategy ETF (DADS). They’re planning to pour investments into debt from crypto ecosystems. If you’re looking for grit, Tidal’s right in the mix.

Meanwhile, ProShares has its sights set on Solana (SOL) Futures ETFs along with ETFs linked to XRP. It’s about as cutting-edge as you can get on Wall Street. CoinShares isn’t sitting on its laurels either. They’re scheming to launch the CoinShares Digital Assets ETF, leveraging their CoinShares-Compass Crypto Market Index. All this activity is like the buzz of the A-Train at rush hour.

VanEck, on the other hand, has an interesting angle with its “Onchain Economy ETF." Rather than direct digital assets, they’re targeting digital asset tools. Think futures contracts and digital transformation companies, the unsung heroes behind the screens.

Let’s face it, Gensler wasn’t everyone’s favorite guy on the block. Under his regime, the SEC was smacking down lawsuits against crypto moguls like Coinbase, Kraken, and Ripple Labs. Bitcoin (BTC)-linked ETFs? Only got greenlit thanks to a court nudge.

But wait, there’s a twist. Gensler’s bowing out right before they say President-elect Donald Trump is supposed to wave his second-term flag. January 20th’s the set date, marking the end of a vigorous SEC era.

For those keeping tabs, you don’t want to miss a beat. Get on board for email alerts, and don’t forget following us on X, Facebook, and Telegram for the full scoop. A little piece of advice—keep checking the Price Action and ride the Daily Hodl wave.

 

Keeping it Real

Now, if you’re diving into crypto investments, remember—it’s your turf and your call. The opinions floating around The Daily Hodl aren’t your ticket to investment riches. Do your homework before diving into high-risk endeavors with Bitcoin, cryptocurrencies, or digital assets. Remember, trades and transfers are on you, pal. Losses? Well, that one’s on you too. The Daily Hodl isn’t playing investment advisor here, just laying down the facts.

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