Asset management firm Valkyrie has filed for an Ether futures ETF with the U.S. Securities and Exchange Commission. The fund will seek to purchase a number of Ether futures contracts rather than directly investing in Ether. The ETF will also invest in cash, cash-like instruments, and high-quality securities. Valkyrie’s application states that the ETF’s investment in Ether futures contracts will be limited to 8,000 contracts per month in compliance with position limits set by the Chicago Mercantile Exchange. If approved, investors will be able to wager on futures prices of Ether through the ETF.
AI Sentiment: Positive
