Asset management firm Valkyrie has started buying Ethereum (ETH) futures contracts. They were given permission to modify their existing Bitcoin futures exchange-traded fund (ETF) into a two-for-one investment product that incorporates both Bitcoin and Ethereum.
The fund will now be known as the Valkyrie Bitcoin and Ether Strategy ETF as of October 3.
The SEC has not yet published a proposed rule change that would permit the listing of a new Ether futures ETF on the Nasdaq Stock Exchange.
The Valkyrie Bitcoin Fund, an ETF that focuses on actual Bitcoin, as opposed to futures, has been ordered to undergo more analysis.
Today, a spokesman said that the Valkyrie Bitcoin Strategy ETF has begun to include investments in Ether futures contracts in an email statement. Being able to acquire both Ether and Bitcoin futures contracts in a single investment package makes it the first ETF of its kind in the United States.
In addition to numerous others, Valkyrie was the first business to get permission for an Ethereum (ETH) futures Exchange-Traded Fund (ETF).
They did this by upgrading the information about the risks related to Ethereum futures and by making improvements to their document that describes the ETF.
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