Valkyrie backtracks on Ether futures contract purchases till ETF launch

Asset administration agency Valkyrie has stated it would maintain out for america Securities and Alternate Fee to approve an exchange-traded fund, or ETF, with publicity to Ether (ETH) futures quite than making purchases upfront.

In a Sept. 29 submitting with the SEC, Valkyrie stated it could not make sure purchases “till the effectiveness of an modification” reflecting ETH futures contracts because the ETF’s principal funding technique. The agency instructed Cointelegraph on Sept. 28 that it deliberate to permit traders publicity to Ether and (BTC) underneath a mixed Bitcoin and Ether Technique ETF, with purchases deliberate forward of a launch the primary week of October.

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