According to Foresight News, Bitcoin spot ETF issuers CoinShares and Valkyrie have decided not to apply for an Ethereum spot ETF. The decision is primarily due to the lack of collateral. Insiders familiar with the situation have stated that without collateral support, the companies would not be able to bring value to investors, especially in a crowded market coexisting with nine other issuers.
Bitcoin ETF Issuers CoinShares, Valkyrie Will Not Apply for Ethereum Spot ETF
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