PANews, September 30, according to CoinDesk, Valkyrie announced on Friday morning that the company will not purchase Ethereum futures and will withdraw all purchased Ethereum before the Bitcoin and Ethereum Strategy ETF (BTF) officially takes effect. futures. According to previous news, the U.S. SEC yesterday approved Valkyrie to convert its existing Bitcoin futures ETF into Bitcoin and Ethereum futures ETFs. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategy ETF" and will officially take effect on October 3. The Valkyrie Bitcoin Strategy ETF has begun increasing exposure to Ethereum futures contracts, a spokesperson said.

Golden Finance reported that Valkyrie issued a document on the morning of the 29th announcing that the company would not purchase ETH futures and would withdraw all purchases before the U.S. Securities and Exchange Commission (SEC) approved the inclusion of ETH in its Bitcoin Strategy ETF (BTF). ETH futures. According to previous news, the U.S. SEC has approved Valkyrie to convert its existing Bitcoin futures ETF into Bitcoin and Ethereum futures ETFs. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategic ETF" and will officially take effect on October 3, while the code will still be BTF.

Odaily Planet Daily News Valkyrie issued a document on the morning of the 29th announcing that it would suspend the purchase of Ethereum futures until the SEC approves the purchase and will withdraw all purchased Ethereum futures. (CoinDesk) According to previous news, the U.S. SEC has approved Valkyrie to convert its existing Bitcoin futures ETF into Bitcoin and Ethereum futures ETFs. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategic ETF" and will officially take effect on October 3, while the code will still be BTF.

PANews reported on September 29 that according to CoinDesk, the U.S. SEC has approved Valkyrie to convert its existing Bitcoin futures ETF into Bitcoin and Ethereum futures ETFs. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategic ETF" and will officially take effect on October 3, while the code will still be BTF. A spokesperson said that the Valkyrie Bitcoin Strategy ETF has begun to increase its exposure to ether futures contracts, and it has also become the first ETF in the United States to provide exposure to both ether and bitcoin futures contracts. The Valkyrie Ethereum Futures ETF was the first to be approved because it “supplements its prospectus and updates risk disclosures related to Ethereum futures.”  

PANews reported on September 29 that according to CoinDesk, the U.S. SEC has approved Valkyrie to convert its existing Bitcoin futures ETF into Bitcoin and Ethereum futures ETFs. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategic ETF" and will officially take effect on October 3, while the code will still be BTF. A spokesperson said that the Valkyrie Bitcoin Strategy ETF has begun to increase its exposure to ether futures contracts, and it has also become the first ETF in the United States to provide exposure to both ether and bitcoin futures contracts. The Valkyrie Ethereum Futures ETF was the first to be approved because it “supplements its prospectus and updates risk disclosures related to Ethereum futures.”

Golden Finance reported that foreign media FOX Business learned that Valkyrie Investments became the first company to provide Ethereum futures exposure in an ETF, which is a key development in the mainstreaming of digital assets in the United States. The Nashville-based asset management firm is the first of nine applicants to receive SEC approval, giving investors the opportunity to bet on the future price of ethereum through an ETF. Valkyrie’s plan is to convert its existing Bitcoin futures ETF into a combined fund that offers both Bitcoin and Ethereum futures. FOX Business has learned that the fund will be renamed the Valkyrie Bitcoin and Ethereum Strategy ETF, but the Nasdaq The ticker symbol BTF will remain unchanged. The fund has begun purchasing Ethereum futures on September 28, ET, and the final name change will take effect Tuesday morning, ET. It is reported that Valkyrie originally planned to start trading its funds on October 3, but concerns about a possible U.S. government shutdown led the SEC to speed up the pace of approval.

According to PANews on August 17, Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted that Valkyrie had just submitted an application for an ETF futures ETF. The fund will not invest in ether directly, but will invest in ether futures contracts. Subsequently, Bloomberg analyst James Seyffart tweeted that there are currently 16 active Ethereum futures ETF applications, of which the Valkyrie Bitcoin Ethereum Strategy ETF (BTF) may have the earliest resolution date of October 3, 2023.

Odaily Planet Daily News Bloomberg ETF analyst Eric Balchunas tweeted that Valkyrie has just submitted an Ethereum futures ETF application, which is a supplementary document to their previously submitted 497 documents, aiming to implement Bitcoin + Ethereum earlier Changes in strategy for futures ETFs. According to previous reports, Bloomberg ETF analyst Eric Balchunas said that Valkyrie submitted a document and plans to convert the Valkyrie Bitcoin Strategy ETF (BTF) into a "Bitcoin + Ethereum Futures ETF" on October 3, which will be faster than other The 13 ETF application documents were scheduled to be released two weeks earlier.

On August 5th, Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted that Valkyrie, a cryptocurrency asset management company, submitted a document and planned to convert the Valkyrie Bitcoin Strategy ETF BTF to "Bitcoin + Ethereum" on October 3. Fang Futures ETF”, which will be released two weeks earlier than the other 13 ETF application documents. Note, Valkyrie Bitcoin Strategy ETF is a Bitcoin futures ETF launched in 2021.