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

Asset absorption steadfast Valkyrie volition statesman offering vulnerability to Ether (ETH) futures to United States investors done its existing Bitcoin Strategy exchange-traded fund, oregon ETF.

A Valkyrie spokesperson told Cointelegraph connected Sept. 28 that the firm's Bitcoin (BTC) Strategy ETF volition let investors entree to ETH and BTC futures "under 1 wrapper", making it 1 of the archetypal firms to bash truthful amid respective pending applications with the U.S. Securities and Exchange Commission (SEC). Starting connected Oct. 3, the fund's sanction volition beryllium updated to the Valkyrie Bitcoin and Ether Strategy ETF.

At the clip of publication, the SEC had not published a projected regularisation alteration allowing listing a caller Ether futures ETF connected the Nasdaq Stock Exchange. However, the committee released an bid regarding "additional analysis" implicit the listing of the Valkyrie Bitcoin Fund — a spot BTC ETF.

The jockeying has begun successful afloat arsenic Valkyrie announcing they are buying Ether futures for $BTF contiguous (ahead of ceremonial sanction alteration connected Tue). In related news, proceeding that immoderate issuers are acceptable to motorboat Monday morning, unclear however galore yet, but astatine slightest a couple. Game on. https://t.co/I1FiVU58RZ

— Eric Balchunas (@EricBalchunas) September 28, 2023

Valkyrie filed an application with the SEC connected Aug. 16 for a money not offering a nonstop concern successful Ether but done ETH futures contract. The steadfast besides offers a Bitcoin Miners ETF, tracking securities of companies that deduce their gross oregon profits from crypto mining, and was besides 1 of the archetypal companies successful the U.S. to launch an ETF tied to BTC futures successful 2021.

Related: Breaking: Valkyrie files for Ether futures ETF with the SEC

Bloomberg Intelligence expert James Seyffart had speculated that Ether futures ETFs would statesman trading successful the archetypal week of October partially successful effect to a imaginable U.S. authorities shutdown. Should members of Congress beryllium incapable to ballot connected a measure backing the authorities into the adjacent fiscal twelvemonth with capable clip for U.S.President Joe Biden to motion it into instrumentality by Sept. 30, the SEC and galore different national agencies volition beryllium reduced to a skeleton crew.

UPDATE: Okay present we go. Those different 7 Spot #Bitcoin filings (which includes @BlackRock arsenic galore person poitned out) that are owed for determination successful mid October are getting their hold orders. Starting to trickle in. First up @ValkyrieFunds! pic.twitter.com/xywjwLlojT

— James Seyffart (@JSeyff) September 28, 2023

To date, the SEC has not approved immoderate spot crypto ETF for trading successful the United States, but galore experts person suggested that presumption could alteration pursuing Grayscale Investments winning a reappraisal of its spot BTC ETF successful appellate court. Valkyrie, on with respective different firms including BlackRock, person applications pending for spot crypto ETFs.

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