Valkyrie Ethereum Futures ETF has been approved by the U.S. SEC

2023-09-29 08:28:50

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According to ChainCatcher news, as reported by CoinDesk, the U.S. SEC has approved Valkyrie's conversion of its existing Bitcoin futures ETF into a Bitcoin and Ethereum futures ETF. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategy ETF" and will officially take effect on October 3, while the code remains BTF.

A spokesperson stated that the Valkyrie Bitcoin Strategy ETF has begun to increase its exposure to Ethereum futures contracts, making it the first ETF in the U.S. to offer exposure to both Ether and Bitcoin futures contracts.

Additionally, the spokesperson mentioned that the Valkyrie Ethereum Futures ETF was the first to receive approval because it supplemented the prospectus and updated the risk disclosures related to Ethereum futures.

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