Ether ETF Hopes on Pause...

The SEC is now expected to make its decision about the ETH ETFs of Hashdex and ARK 21Shares by end of May.

Author

Danielle du Toit
March 20, 2024

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Here's what we've got for you today:

  • Hashdex and ARK 21Shares Ether ETF Decisions Postponed by SEC

  • BlackRock Enters Tokenization Era, Unveils Digital Liquidity Fund

  • Trezor X Account Compromised as Hackers Push Phony Solana Token

  • SBF Says Proposed 50-Year Sentence Casts Him as ‘Depraved Super-Villain’

The SEC has postponed its decision on approving two Ether exchange-traded funds (ETFs) proposed by Hashdex and ARK 21Shares.

  • The SEC delayed its decision on two Ether ETF proposals from Hashdex and ARK 21Shares, setting a new final decision date for late May.

  • This delay has dampened the previously high hopes for the approval of eight Ether ETFs by major firms like BlackRock, Grayscale, and Fidelity, casting uncertainty over their prospects.

  • Bloomberg ETF analyst James Seyffart expressed a huge drop in confidence for the ETFs' approval, pointing towards the lack of communication between the SEC and ETF issuers as a key issue.

🪙 BlackRock Enters Tokenization Era, Unveils Digital Liquidity Fund

BlackRock has taken some major steps into the digital asset domain by submitting a Form D to the SEC for its BlackRock USD Institutional Digital Liquidity Fund.

  • This will be BlackRock's foray into tokenized asset funds, and through the form D filing, BlackRock wants exemptions under Section 3(c) of the Investment Company Act for greater operational flexibility and fewer regulatory restrictions.

  • The fund plans to draw big investments by setting a minimum investment threshold of $100,000.

  • Securitize, a digital securities firm in the U.S., will oversee the offering and sale of the fund's tokens.

Hackers recently targeted Trezor, a hardware wallet provider, and managed to steal about $8,100.

  • ZachXBT, a well-known on-chain detective, first revealed the breach involving Trezor’s social media account, where messages about a non-existent “$TRZR” token presale on the Solana Network were spread to Trezor's followers.

  • The scam directed users to a Solana wallet address, leading them to websites equipped with wallet drainers.

  • Despite Trezor's quick response to delete the misleading posts and address the breach, the hacker was still able to steal about $8,100 from Trezor’s Zapper account.

⚖️ SBF Says Proposed 50-Year Sentence Casts Him as ‘Depraved Super-Villain’

Attorneys for Sam Bankman-Fried argue that the suggestion of a 50-year prison sentence reflects a “medieval” view on punishment.

  • SBF’s lawyers claim that no real losses occurred, and due to the bankruptcy proceedings, all customers and lenders would be fully compensated.

  • They also did not agree with the depiction of Bankman-Fried as greedy, and pointed out his philanthropy and modest lifestyle.

  • The defense suggested a much more reduced sentence of about five to six and a half years, as they believe Bankman-Fried already suffered extensive personal and professional losses.

👀 QUICK NEWS

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