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Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

Press Releases Crypto News Cointelegraph Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF.

A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm’s Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin (BTC) futures “under one wrapper,” making it one of the first firms to do so amid several pending applications with the U.S. Securities and Exchange Commission. Starting Oct. 3, the fund’s name will be updated to the Valkyrie Bitcoin and Ether Strategy ETF.

At the time of publication, the SEC had not published a proposed rule change allowing the listing of a new Ether futures ETF on the Nasdaq Stock Exchange. However, the commission released an order regarding “additional analysis” over the listing of the Valkyrie Bitcoin Fund — a spot BTC ETF.

The jockeying has begun in full as Valkyrie announcing they are buying Ether futures for $BTF today (ahead of formal name change on Tue). In related news, hearing that some issuers are ready to launch Monday morning, unclear how many yet, but at least a couple. Game on. https://t.co/I1FiVU58RZ

— Eric Balchunas (@EricBalchunas) September 28, 2023

Valkyrie filed an application with the SEC on Aug. 16 for a fund not offering a direct investment in Ether but through ETH futures contract. The firm also offers a Bitcoin Miners ETF, tracking securities of companies that derive their revenue or profits from crypto mining, and was also one of the first companies in the U.S. to Go to Source to See Full Article
Author: Turner Wright

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