Valkyrie Gets Green Light to Add ETH Futures
Valkyrie plans to offer U.S. investors a new fund for Ether and Bitcoin futures. Changes might come soon in the crypto world, with many companies waiting for approval.
Valkyrie, a big asset management company, will soon offer U.S. investors a chance to invest in both Ether and Bitcoin futures through its current Bitcoin-focused fund.
On Sept. 28, a Valkyrie spokesperson said this fund will be one of the first to offer both Ether and Bitcoin futures together. From Oct. 3, it will be called the Valkyrie Bitcoin and Ether Strategy ETF.
The U.S. Securities and Exchange Commission (SEC) hasn't yet approved a new Ether futures ETF to be listed on the Nasdaq Stock Exchange. However, they are looking closer at Valkyrie's Bitcoin fund.
A Bloomberg expert, James Seyffart, thinks that Ether futures ETFs Approval might start in early October. This could be because of worries about the U.S. government shutting down. If the government doesn’t get funding, many agencies, including the SEC, might have fewer workers.
So far, the SEC hasn't given a green light to any direct crypto ETF in the U.S. But, after Grayscale Investments had a win in court, things might change. Valkyrie and other big companies, like BlackRock, are waiting for approval to launch their crypto ETFs.
