In addition to Valkyrie, eight other issuers have filed applications to launch ether ETF products including VanEck, Grayscale Investments and Bitwise.
Valkyrie Investments has won the race to offer the first exchange-traded fund featuring ethereum futures, a key development in the mainstreaming of digital assets in the U.S., FOX Business has learned.
In addition to Valkyrie, eight other issuers have filed applications to launch ether ETF products including VanEck, Grayscale Investments and Bitwise.Some of these firms, as well as Wall Street giants BlackRock and Fidelity, are looking to go one step further by launching a spot bitcoin ETF.
Valkyrie's plan is to convert its existing bitcoin futures ETF into a combined fund that offers both The fund will be renamed the Valkyrie Bitcoin and Ether Strategy ETF, FOX Business has learned, but the Nasdaq ticker BTF will remain unchanged. The fund will begin to opportunistically purchase ether futures on Thursday, with a final name change effective Tuesday morning.
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