‘ETFtober’ gets bigger, more than 5 new crypto ETFs filed this week
At least five new crypto ETF applications were filed with the SEC this week, including products from VanEck and ARK Invest.Summary
The US saw a surge in crypto exchange-traded fund (ETF) applications this week, with at least five new products filed with the SEC despite an ongoing government shutdown. VanEck filed for the VanEck Lido Staked Ethereum ETF, which will track the performance of stETH, Lido’s liquid staking token. Meanwhile, 21Shares filed for a leveraged crypto ETF offering 2x exposure to the Hyperliquid native token (HYPE). Cathie Wood’s ARK Invest filed for three new Bitcoin ETFs: the ARK Bitcoin Yield ETF, and two DIET Bitcoin ETFs offering different levels of downside protection. Other filings included Volatility Shares' new 3x and 5x leveraged ETFs and an updated Solana Staking ETF filing from VanEck. Experts noted this activity as a 'total land rush' in crypto ETF filings, suggesting a flood of spot crypto ETFs may follow once the government shutdown concludes.
(Source：Cointelegraph)