Multiple Institutions File Applications For Crypto-Related ETFs

According to Foresight News, several institutions have recently submitted applications for crypto-related exchange-traded funds (ETFs). Nate Geraci, President of The ETF Store, highlighted these developments in a tweet. ProShares has applied for an XRP leveraged and inverse ETF, as well as an XRP futures ETF. Tidal Defi has filed for the Oasis Capital Digital Asset Debt Strategy ETF, which plans to invest in corporate debt related to digital asset activities, including companies holding digital assets. Valkyrie has submitted an application for the CoinShares Digital Asset ETF, based on the CoinShares-Compass Crypto Market Index. This ETF aims to invest in the top ten digital assets by market capitalization, with no single asset exceeding a 35% weight, and seeks exposure through ETPs listed on exchanges in the United States, Canada, or the European Union.