VanEck and 21Shares' applications seem doomed under the Biden administration. But they include a deadline that lapses when Trump would be in office, if he wins the presidency in November.
Cathie Wood's Ark Invest was the first company to seek permission to create a spot ether ETF in September, a pioneer who blazed the trail before a wave of other high-profile applicants. It has since dropped out of the race, likely because of the incoming intense fee battle, experts say.
Plus, how much longshot money was made betting on the SEC approving an Ethereum ETF?
User activity has plunged after a hyped run-up to the start of the Runes protocol , which was expected by some to mirror Solana’s meme coin ecosystem.