Multiple institutions have submitted ETF applications related to encryption

Wu learned that Nate Geraci, President of The ETF Store, tweeted that multiple institutions have submitted ETF applications related to encryption. ProShares has submitted applications for XRP leverage and Reverse ETFs, as well as XRP futures ETFs; Tidal Defi has submitted the Oasis Capital Digital Asset Debt Strategy ETF, which plans to invest in corporate debt of companies involved in digital asset activities, including those holding digital assets; Valkyrie has submitted the CoinShares Digital Asset ETF based on the CoinShares-Compass Crypto Market Index, which intends to invest in the top ten digital assets by Market Cap, with a single asset weight not exceeding 35%, and obtain exposure through ETPs listed on exchanges in the United States, Canada, or the European Union.