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Valkyrie Ethereum Futures ETF Receives U.S. SEC Approval

The US SEC has approved Valkyrie to convert its existing Bitcoin futures ETF to a Bitcoin and Ethereum futures ETF. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategy ETF" and will take effect on October 3, with the code still being BTF.

A spokesperson said that the Valkyrie Bitcoin Strategy ETF has started to increase its exposure to Ether futures contracts, making it the first ETF in the United States to offer exposure to both Ether and Bitcoin futures contracts simultaneously.

In addition, the spokesperson also said that the Valkyrie Ethereum Futures ETF was approved first because it supplemented the prospectus and updated the risk disclosure related to Ethereum futures.

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