TechFlow reported, according to CoinDesk, the U.S. SEC has approved Valkyrie's application to convert its existing Bitcoin futures ETF into a Bitcoin and Ethereum futures ETF. The new fund will be renamed the "Valkyrie Bitcoin and Ethereum Strategy ETF," effective October 3, while retaining the ticker symbol BTF.
A spokesperson said that the Valkyrie Bitcoin Strategy ETF has already started increasing exposure to Ether futures contracts, making it the first ETF in the U.S. to offer exposure to both Bitcoin and Ether futures contracts. The approval of Valkyrie’s Ethereum futures ETF came first because it “supplemented the prospectus and updated risk disclosures related to Ethereum futures.”
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