The acquisition marks one of the first major purchases of an ETF provider by a US crypto trading platform.
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The company, which sponsors a nearly $5 billion Bitcoin ETF along with ARK, is nixing the three other ETFs in that partnership.
There isn’t an ETF for everything, but the volume of leveraged products coming to market shows a strategy of filling any voids.
The SEC has warmed up to crypto ETFs and staking, but whether it will approve both in the same package is a question.
$SUI is backed by investors like Andreessen Horowitz at a valuation of $2 billion.