Asset management firm Valkyrie has submitted a filing for an Ethereum futures exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The ETF will invest in Ethereum futures contracts, as well as assets such as cash, cash equivalents, and premium securities. Valkyrie is not alone in its pursuit of an Ether futures ETF, as other major asset managers, including Grayscale, VanEck, Bitwise, and more, have also expressed interest. The increasing number of applications reflects confidence in the potential of Ethereum and cryptocurrencies. However, the road to approval is expected to be challenging, with competition and strict scrutiny from the SEC.
AI Sentiment: Positive
