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VanEck Files For Ethereum ETF As ETH's Price Staggers


According to a Form S-1 filed with the U.S. Securities and Exchange Commission (SEC), asset manager VanEck Digital Assets has filed for an Ethereum Exchange Traded Fund (ETF). Called VanEck Ethereum Trust, it would trade on the exchange Cboe BZX, if approved.
The investment product would track the MVSI CryptoCompare Ethereum Benchmark Rate and would hold physical ETH. As Custodian, VanEck has appointed the Delaware Trust Company.
Per the document, the custodian will hold the physical ETH. If the cryptocurrency trade downwards, VanEck will redeem or sell more shares. Selling the ETH has been ruled out. According to the document: ....

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Delaware banking giant Schoenhals retires - Delaware Business Now


Delaware Business Now
Good afternoon,
Today we learned that Marvin Schoenhals formally retired from Wilmington-based WSFS Financial Corp. after three decades.
He most recently served as a member of the board of directors after stepping down as chairman a few years ago.
As board chair and CEO Roger Levenson noted in a social media post announcing his retirement, Schoenhals came to WSFS to “save the bank.”
He achieved that goal and much more in getting WSFS back to the basics of good banking.
Schoenhals put together a team that had its eye on the future, building out an automatic teller-cash filling system while investing in and selling off businesses in areas that included reverse mortgages and an online bank. ....

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