Breaking: Valkyrie files for Ether futures ETF with the SEC

Asset administration agency Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with america Securities and Alternate Fee. Based on paperwork on Aug. 16, the appliance is an addition to the corporate’s earlier transfer to vary its funding technique for a Bitcoin futures ETF in step with the regulator. 

As per the appliance, the fund is not going to instantly put money into Ether, however will search to buy a lot of Ether futures contracts. Ether is the native token of the Ethereum blockchain, used for peer-to-peer transactions inside the decentralized community.

“Ether could also be considered a forex or digital commodity relying on its particular use particularly transactions. Ether could also be used as a medium of alternate or unit of account,” reads the doc, including that “though a lot of giant and small retailers settle for ether as a type of cost in america and overseas markets, there’s comparatively restricted use of ether for business and retail funds. Equally, ether could also be used as a retailer of worth […], though it has skilled important durations of value volatility.”

Valkyrie simply filed for an Ether Futures ETF, which is along with their 497 submitting to do identify/technique of $BTF to Bitcoin + Ether Futures to get out early. Maybe that is signal SEC not letting them do the ‘ole $MJ maneuver, undecided.. ht @NateGeraci pic.twitter.com/OeyGuyJP3y

— Eric Balchunas (@EricBalchunas) August 16, 2023

This can be a growing story, and additional info might be added because it turns into accessible.