Breaking: Valkyrie files for Ether futures ETF with the SEC

Asset absorption steadfast Valkyrie has filed for an Ether (ETH) futures exchange-traded money (ETF) with the United States Securities and Exchange Commission. According to documents connected Aug. 16, the exertion is an summation to the company's erstwhile determination to alteration its concern strategy for a Bitcoin futures ETF successful enactment with the regulator. 

As per the application, the money volition not straight put successful Ether, but volition question to acquisition a fig of Ether futures contracts. Ether is the autochthonal token of the Ethereum blockchain, utilized for peer-to-peer transactions wrong the decentralized network.

"Ether whitethorn beryllium regarded arsenic a currency oregon integer commodity depending connected its circumstantial usage successful peculiar transactions. Ether whitethorn beryllium utilized arsenic a mean of speech oregon portion of account," reads the document, adding that "although a fig of ample and tiny retailers judge ether arsenic a signifier of outgo successful the United States and overseas markets, determination is comparatively constricted usage of ether for commercialized and retail payments. Similarly, ether whitethorn beryllium utilized arsenic a store of worth [...], though it has experienced important periods of terms volatility."

Valkyrie conscionable filed for an Ether Futures ETF, which is successful summation to their 497 filing to bash name/strategy of $BTF to Bitcoin + Ether Futures to get retired early. Perhaps this is motion SEC not letting them bash the 'ole $MJ maneuver, not sure.. ht @NateGeraci pic.twitter.com/OeyGuyJP3y

— Eric Balchunas (@EricBalchunas) August 16, 2023

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.