Valkirie has decided to launch an Ethereum futures ETF

Valkirie Funds has decided to send an application to the SEC regulator to launch the Ethereum Strategy ETF. He will invest in ethereum futures on the Chicago Mercantile Exchange and high-quality instruments such as bonds and commercial securities.

What is known about the Ethereum ETF

The tool does not imply direct investment in Ethereum. Earlier this month, the department received six similar applications to launch an Ethereum ETF.

Direxion, which is engaged in asset management, separately decided to send a proposal to the agency to approve an ETF based on a basket of futures traded on the Chicago Mercantile Exchange — ethereum and bitcoin. 

Prior to that, companies such as Kelly Strategic, WisdomTree and Kryptoin applied in the States to launch an exchange-traded fund based on Ethereum.

In July of this year, Nasdaq sent an application to the agency with clarifications to launch a spot bitcoin ETF. This was done on behalf of Valkirie Funds. The Coinbase cryptocurrency exchange was added to the document as a partner under a joint surveillance agreement.

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