United

Bitcoin

Spot

James

Valkyrie, an asset management firm, is set to provide American investors with access to Ether (ETH) futures through its existing Bitcoin Strategy exchange-traded fund (ETF). This innovative ETF will enable investors to diversify their portfolios by including both Ether and Bitcoin futures within a single investment option.&nbsp; 
This move positions Valkyrie as one of the pioneers in this space, especially considering the numerous pending applications awaiting approval from the U.S. Securities and Exchange Commission (SEC). Starting from October 3rd, the ETF will be rebranded as the Valkyrie Bitcoin and Ether Strategy ETF. 
As of the current moment, the SEC has not yet given the approval for the introduction of a new Ether futures ETF on the Nasdaq Stock Exchange. Nevertheless, the SEC has issued an order for additional scrutiny concerning the Valkyrie Bitcoin Fund, which is categorized as a spot Bitcoin ETF. 
The jockeying has begun in full as Valkyrie announcing they are buying Ether futures for 
Valkyrie applied with the SEC in August 2023 for a fund that doesn’t have direct exposure to Ether but rather utilizes ETH futures contracts. Additionally, Valkyrie offers a Bitcoin Miners ETF, which tracks companies that generate revenue or profits from cryptocurrency mining activities. It’s worth noting that in 2021, Valkyrie was among the first companies in the United States to launch an ETF linked to Bitcoin futures. 
As reported by Todayq News on September 28, 2023, ETF expert and analyst James Seyffart predicted that <a href="https://news.todayq.com/report-ethereum-futures-etfs-are-expected-to-debut-in-the-u-s-next-week/">Ether futures ETFs</a> could debut in the early days of October. This expectation arises, in part, due to concerns surrounding a potential <a href="https://news.todayq.com/crypto-regulation-could-be-delayed-by-the-upcoming-u-s-government-shutdown/">U.S. government shutdown</a>. If Congress fails to pass a funding bill for the upcoming fiscal year by September 30, it could result in a scaled-down workforce across federal agencies, including the SEC. 
UPDATE: Okay here we go. Those other 7 Spot 
Notably, the SEC has yet to approve any spot crypto ETFs for trading within the United States. However, recent developments, such as <a href="https://news.todayq.com/sec-forced-to-reconsider-grayscales-spot-bitcoin-etf-application/">Grayscale Investments</a> successfully challenging the SEC’s stance on its spot Bitcoin ETF in court, have raised hopes for a change in this regulatory landscape. Several firms, including Valkyrie and BlackRock, have submitted applications for spot crypto ETFs, currently awaiting regulatory approval. 
© Todayq News

Valkyrie to launch Ether futures amid SEC’s Bitcoin ETF review

Todayq News

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