Valkyrie Becomes First to Offer Ethereum Futures ETF After SEC Approval
Asset manager Valkyrie has received approval to convert its existing bitcoin futures ETF into a two-for-one investment vehicle, allowing it to start buying Ether (ETH) futures contracts. This makes Valkyrie the first US ETF to offer exposure to both Ether and Bitcoin futures contracts. The fund's new strategy will be effective on October 3, with the name changing to Valkyrie Bitcoin and Ether Strategy ETF. Meanwhile, VanEck, another asset management firm, has announced its plans to launch an Ethereum futures ETF.