Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.
Ether has dropped over 20% this year, but fundamentals are improving, the report said.
The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.
There’s a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.
The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF
The proposed ETF would list on NYSE.
Nineteen U.S. states are weighing bills to put public money into digital assets, some of them similar to the federal pursuit of a Strategic Bitcoin Reserve.
The “buy now, hisse later” company is backed by venture capital firm, Sequoia Capital, which has a 22% stake.
The cash and token deal scales up a Worldcoin “alternative.”
According to the charges, Eric Council Jr. used a fake ID to gain access to a device with SEC account credentials and then falsely said spot bitcoin ETFs had been approved..