Rush of Cryptocurrency ETF Filings Hits SEC Ahead of Gensler's Departure

Several cryptocurrency exchange-traded fund (ETF) proposals were submitted to the Securities and Exchange Commission (SEC) just before Gary Gensler's departure as Chair on Jan. 20. The crypto industry is anticipating regulatory changes under the incoming Trump administration, which is expected to be more crypto-friendly. ProShares, known for launching the first Bitcoin-linked ETF, applied for a Solana Futures ETF, while CoinShares filed for the "CoinShares Digital Asset ETF" and VanEck submitted an application for the "Onchain Economy" ETF. Nate Geraci, president of The ETF Store, noted the significance of these filings.