PANews reported on October 22nd that according to Cryptopolitan, asset management company ProShares announced that it will launch a new cryptocurrency ETF tracking the CoinDesk 20 Index and has submitted an application to the U.S. Securities and Exchange Commission (SEC) for approval. The new fund may be named ProShares CoinDesk Crypto 20 ETF and will allow investors to invest in major cryptocurrencies such as Solana, Ethereum, XRP, and Bitcoin. The documents submitted to the SEC emphasized that the ETF is designed to reflect the performance of the CoinDesk 20 Index and does not include fees and other expenses. The index does not include wrapped tokens, meme coins, or stablecoins, but instead focuses on cryptocurrencies with large market capitalization and strong liquidity. In addition, the fund plans to establish a subsidiary in the Cayman Islands to manage some derivatives contracts and ensure that these contracts do not exceed 25% of total assets. If approved, it will become one of the first diversified cryptocurrency ETFs in the United States.PANews reported on October 22nd that according to Cryptopolitan, asset management company ProShares announced that it will launch a new cryptocurrency ETF tracking the CoinDesk 20 Index and has submitted an application to the U.S. Securities and Exchange Commission (SEC) for approval. The new fund may be named ProShares CoinDesk Crypto 20 ETF and will allow investors to invest in major cryptocurrencies such as Solana, Ethereum, XRP, and Bitcoin. The documents submitted to the SEC emphasized that the ETF is designed to reflect the performance of the CoinDesk 20 Index and does not include fees and other expenses. The index does not include wrapped tokens, meme coins, or stablecoins, but instead focuses on cryptocurrencies with large market capitalization and strong liquidity. In addition, the fund plans to establish a subsidiary in the Cayman Islands to manage some derivatives contracts and ensure that these contracts do not exceed 25% of total assets. If approved, it will become one of the first diversified cryptocurrency ETFs in the United States.

                                                                               Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash.                     Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more