The new offering will be similar to American depositary receipts that represent foreign stocks.
The firm is gearing up to file an ETF centered on the second-largest cryptocurrency.
Yield farming was once a popular method for crypto projects to bootstrap new users in a short amount of time.
The possible approval of the first U.S. spot bitcoin ETFs is stoking investor interest in the token.
A federal judge ruled the cryptocurrency can be regarded as a security when sold to sophisticated investors.
The SEC's crackdown on the digital asset sector hasn't heavily impacted crypto prices.
FTX's collapse has become an opportunity for other exchanges to capture market share.
Silvergate Capital said it is reviewing whether it can remain viable.
Even as volatility has receded, liquidity has not returned to crypto markets.
With uncertainty, doubt and distrust in digital assets, blockchain projects are now moving to hard assets.
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