First Ether ETF Filed With the SEC is Not Offering Insurance
As competition heats up amongst Bitcoin ETF providers SolidX and the Winklevoss Twins, another contender emerged to establish an exchange-traded fund based on a digital currency. Recently found company called EtherIndex LLC officially filed with the Securities and Exchange Commission on July 15 to offer the public and conventional investors opportunities to invest in Ether, the underlying currency of smart contract-based decentralized platform known as Ethereum. Similar to existing public digital asset trade and investment tools such as Grayscale Investments’ Bitcoin Investment Trust and....
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An advisory council to the US Treasury Department focused on the insurance market will discuss blockchain tech at a meeting later this week. Set for tomorrow afternoon in Washington, DC, the Federal Advisory Committee on Insurance (FACI) will discuss a range of issues, according to publicly available materials, including the use of the tech in the US insurance market. The government said of the hearing: “In this meeting, the Committee will discuss a number of issues, including blockchain technology in the insurance sector, the changing auto safety landscape, and an overview of insurance....