Financial Giants File for Crypto ETFs Amid Anticipated SEC Chair Departure
- Several financial institutions are filing for crypto-related exchange-traded funds (ETFs).
- Tidal is launching the Oasis Capital Digital Asset Debt Strategy ETF to invest in crypto ecosystem debt securities.
- VanEck plans to introduce the Onchain Economy ETF, focusing on digital asset instruments like futures contracts.
- Gary Gensler, SEC Chair, is expected to step down on January 20th before Donald Trump’s second-term inauguration.
- The SEC under Gensler filed lawsuits against major crypto firms and delayed Bitcoin ETF approvals until court-mandated.
Amid Gary Gensler’s anticipated departure from the SEC, financial giants are moving forward with crypto-related ETFs. Tidal and VanEck have filed applications for their respective ETFs, targeting different aspects of the digital asset market.
Source (2.6)https://dailyhodl.com/2025/01/19/vaneck-and-others-file-for-crypto-related-etfs-as-issuers-anticipate-departure-of-sec-chair-gary-gensler-report/?rand=59076
