Valkyrie is aiming to launch the first exchange-traded fund (ETF) with Ethereum (ETH) futures contracts. While the company’s filing puts it ahead in terms of launch date, industry experts are unsure if the SEC will follow that order. The SEC has the discretion to approve all ether-related ETFs on the same day, regardless of the filing dates. Valkyrie has previously launched a Bitcoin futures ETF but has not been as successful as its competitor, ProShares. Valkyrie’s strategy of amending an existing fund to enter a specific market segment has been done before, such as the case of ETF Managers Group. Some believe investors may prefer an ETF that only includes ETH rather than a mix of BTC and ETH futures.
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