olivia77smith8 pfp

olivia77smith8

@olivia77smith8

199 Following
405 Followers
Dazen459 pfp
Dazen459
@dazeng459
A rush of cryptocurrency exchange-traded fund (ETF) filings have hit the US Securities and Exchange Commission (SEC) just days before Gary Gensler steps down as chair on Jan. 20.
0 reply
2 recasts
2 reactions
Dazen459 pfp
Dazen459
@dazeng459
On Jan. 17, at least four proposals were submitted as the crypto industry anticipates regulatory shifts under the incoming administration of President-elect Donald Trump, which is expected to adopt a more crypto-friendly stance.
0 reply
2 recasts
2 reactions
Louseimin pfp
Louseimin
@louseimin
“Interesting because there aren’t CME futures yet and I’m not sure if the Coinbase SOL futures are large and liquid enough,” ETF analyst James Seyffart posted on X.
0 reply
1 recast
1 reaction
Louseimin pfp
Louseimin
@louseimin
Volatility Shares, another asset manager, had filed a similar application in December.
0 reply
1 recast
1 reaction
oplsickness pfp
oplsickness
@oplsickness
Seyffart, on Jan. 16, said Solana ETFs may not launch in the United States until 2026, even under a crypto-friendly White House.
0 reply
0 recast
0 reaction
oplsickness pfp
oplsickness
@oplsickness
On Jan. 17, CoinShares, formerly Valkyrie Funds and a digital asset manager, also filed for the “CoinShares Digital Asset ETF,” which will track its proprietary Compass Crypto Market Index.
0 reply
0 recast
0 reaction
oplsickness pfp
oplsickness
@oplsickness
Tidal DeFi, an asset management firm focused on decentralized finance, filed for its Oasis Capital Digital Asset Debt Strategy ETF (DADS). The fund plans to invest in debt instruments tied to companies in the crypto ecosystem, including miners, utilities, energy firms, and payment platforms.
0 reply
0 recast
0 reaction
heryyelous pfp
heryyelous
@heryyelous
Earlier this week, asset manager VanEck, on Jan. 15, submitted an application to the SEC for the “Onchain Economy” ETF. According to the filing, the fund aims to invest in a broad range of crypto-focused firms, including software developers, mining companies, exchanges, infrastructure builders, payment providers and other businesses within the cryptocurrency sector.
0 reply
0 recast
0 reaction
heryyelous pfp
heryyelous
@heryyelous
Nate Geraci, president of The ETF Store, noted the significance of these filings.
0 reply
0 recast
0 reaction
johnson56608 pfp
johnson56608
@johnson56608
To date, Pennsylvania, Texas, Ohio, New Hampshire, Oklahoma, North Dakota, and Massachusetts have all put forward a Strategic Bitcoin Reserve bill.
0 reply
0 recast
0 reaction
johnson56608 pfp
johnson56608
@johnson56608
The development comes as the odds of Trump establishing a strategic Bitcoin reserve after taking office on Jan. 20 are soaring on betting markets Kalshi and Polymarket.
0 reply
0 recast
0 reaction
j60058049 pfp
j60058049
@j60058049
It comes just days after Lummis sent a letter to the US Marshals Service on Jan. 15 demanding answers for the government’s potential sale of 69,370 Bitcoin seized in the Silk Road asset forfeiture.
0 reply
0 recast
0 reaction
j60058049 pfp
j60058049
@j60058049
Lummis characterized attempts to sell the US government’s Bitcoin holdings as a form of political spite.
0 reply
0 recast
0 reaction
j60058049 pfp
j60058049
@j60058049
The United States Securities and Exchange Commission has charged Digital Currency Group (DCG) and former Genesis CEO Soichoro “Michael” Moro with misleading investors about the financial health of Genesis in the aftermath of the Three Arrows Capital (3AC) collapse.
0 reply
0 recast
0 reaction
m4197301 pfp
m4197301
@m4197301
According to the Jan. 17 filing, DCG and Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.
0 reply
0 recast
0 reaction
m4197301 pfp
m4197301
@m4197301
Moro and DCG agreed to the civil penalties without admitting to or denying any violations of the Securities Act of 1933.
0 reply
0 recast
0 reaction
olivia77smith8 pfp
olivia77smith8
@olivia77smith8
The settlement is the latest chapter in the legal saga of Genesis, which filed for Chapter 11 bankruptcy protection in January 2023 due to a 2022 default by Three Arrows Capital — a former borrower of Genesis.
0 reply
0 recast
0 reaction
olivia77smith8 pfp
olivia77smith8
@olivia77smith8
The collapse of 3AC sent shockwaves through the crypto industry, affecting all crypto firms exposed to the now-defunct crypto hedge fund.
0 reply
0 recast
0 reaction
olivia77smith8 pfp
olivia77smith8
@olivia77smith8
The $570 million investment plummeted by well over 99% and was worth only $670 in June 2024 — a major hit to any company’s balance sheet and ability to pay back its loans.
0 reply
0 recast
0 reaction
olivia77smith8 pfp
olivia77smith8
@olivia77smith8
The $570 million investment plummeted by well over 99% and was worth only $670 in June 2024 — a major hit to any company’s balance sheet and ability to pay back its loans.
0 reply
0 recast
0 reaction