Bitcoin ETF Issuers CoinShares and Valkyrie Won't Apply for Ethereum Spot ETF
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 lack of collateral. Without collateral support, companies would be unable to provide value to investors, especially in a crowded market that exists with nine other issuers, people familiar with the situation said.