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Enviva Inc NYSE:EVA, the largest U.S. wood pellet exporter, is on the brink of filing for bankruptcy following substantial losses resulting from an ill-fated speculation on future commodity prices. Ark Invest and 21Shares amended their Ethereum ETF exchange-traded fund filing to give it a cash-only create and redemption mechanism. “Authorized Participants will deliver only cash to create
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Enviva, the largest U.S. wood pellet exporter, is preparing to file for bankruptcy within days after a bad bet on future prices of the commodity triggered nine-figure losses, according to people Enviva's foray into speculative purchasing of wood pellets to sell at a profit backfired disastrously, leaving the company with a severe mismatch in asset valuation. A November securities filing
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