If authorised, VanEck Digital Assets has applied for an Exchange Traded Fund (ETF) called VanEck Trust, which will trade on Cboe BZX. Theirs, as well as the majority of these appeals, have previously been denied by the regulator. The US Senate has approved Gary Gensler, a former MIT professor who taught a course on cryptocurrency and blockchain. In response, the price of ETH has risen to a new all-time high in the same time frame.