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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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VanEck and ProShares apply to withdraw Ethereum ETF filings from SEC

It’s unclear why both asset managers chose to apply for and withdraw seemingly similar applications for Ether ETFs on the same days.

Less than two days after submitting separate applications to the U.S. Securities and Exchange Commission, asset managers VanEck and ProShares have seemingly decided not to pursue exchange-traded funds with exposure to Ether.

In individual Aug. 20 filings with the SEC, legal representatives of VanEck and ProShares both said the firms had elected not to proceed with registering their respective Ether-based exchange-traded funds, or ETFs. VanEck had submitted a filing to launch an “Ethereum Strategy ETF” with the SEC on Aug. 18, while ProShares applied for an “Ether Strategy ETF” the same day.

Both products had seemingly aimed to provide exposure to Ether (ETH) by investing in futures contracts as well as pooled investment vehicles and other exchange-traded products. It’s unclear why both asset managers chose to apply for and withdraw seemingly similar applications for Ether ETFs on the same days, but the two firms said they had not sold any securities connected to the potential offering.

Related: SEC opens to comments on whether to approve VanEck Bitcoin ETF

SEC chair Gary Gensler said earlier this month that he would be more open to accepting ETFs based on crypto futures rather than through direct exposure. At that time, VanEck already had Bitcoin (BTC) and ETH exchange-traded funds under review by the agency, but the company later filed a separate prospectus for a Bitcoin “strategy” ETF, a fund with exposure through BTC future contracts.

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