“Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures contracts under one wrapper,” a spokesperson told CoinDesk in an email statement. Source
Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF. A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm’s Bitcoin (BTC) Strategy ETF will allow investors access to ETH and BTC futures “under one wrapper”, making it one of the first firms to do so amid several pending applications with the U.S. Securities and Exchange Commission (SEC). Starting on Oct. 3, the fund’s name will be updated to the Valkyrie Bitcoin and Ether…
According to a recent FOX Business report, Valkyrie Investments has secured approval from the Securities and Exchange Commission (SEC) to launch the first exchange-traded fund (ETF) featuring Ethereum (ETH) futures. This achievement positions Valkyrie as the frontrunner among nine issuers seeking to provide investors with an opportunity to speculate on the future price of the world’s second-largest digital asset through an ETF. Valkyrie Emerges As First Mover In Ethereum Futures ETF Race Ether, the native token of the Ethereum blockchain, currently holds a value of approximately $1,659 per token. Valkyrie…
VanEck Ethereum Strategy ETF (EFUT) will invest in ETH futures contracts traded on commodity exchanges registered with the CFTC. Source
The United States Securities and Exchange Commission (SEC) has delayed reaching a decision on whether to approve or disapprove of spot Ether (ETH) exchange-traded fund applications from ARK 21Shares and VanEck. In separate notices filed Sept. 27, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that would allow listings of spot ETH ETFs from VanEck and ARK 21Shares on the Cboe BZX Exchange. The commission said it had received no public comments on either proposal and would push…
Much of the hearing focused on non-crypto issues, including a looming shutdown of the federal government and whether the SEC is focusing too much on climate or other issues. As in previous hearings, Wednesday’s meeting saw an acute partisan divide, with influential Democrats praising Gensler and Republicans alleging he was harming consumers or small businesses. Original
My view is if a U.S. spot bitcoin ETF gets approved, there should be little argument for holding up a spot ether ETF. And Grayscale itself has said it plans to convert ETHE and other products to ETFs. I wouldn’t hold your breath when it comes to SOL, ATOM or any other smaller crypto asset, but we have first-hand knowledge that ETH ETFs work. In fact, ethereum ETFs launched within weeks of the first bitcoin ETF. Regulators in Canada were comfortable with the product because there is a regulated futures…
According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc. Franklin Templeton, an asset management company, has entered the competition among companies aiming to offer spot Bitcoin ETFs. This was made known through a September 12 filing with the Securities and Exchange Commission (SEC). According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF.…
Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market. The crypto industry is rife with anticipation for the Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) applications. However, the extended clamor may now have the right backing as four members of the House Financial Services Committee – two from each party – have just written a letter to that effect. In the Tuesday letter obtained by Coinspeaker, the lawmakers – including Rep. Tom Emmer, the majority whip in the…
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for ARK 21Shares’ spot Bitcoin (BTC) ETF to January 2024. This extension underscores the SEC’s unchanged stance on crypto exchange-traded funds (ETFs). In a filing on Tuesday, Sept. 26, the SEC said that it finds it “appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change.” The watchdog noted it still has an additional 60 days to consider…