The fund’s new ether and bitcoin combination strategy will formally go into effect on October 3.
After receiving clearance to convert its current bitcoin futures exchange traded fund (ETF) into a two-for-one investment vehicle, asset management Valkyrie began purchasing Ether (ETH) futures contracts.
According to a spokeswoman, “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures contracts under one wrapper”
Among other companies, Valkyrie was the first to receive clearance for an ETH futures ETF since it “supplemented its prospectus and updated risk disclosures related to Ether futures,” according to the spokeswoman.
The fund will publicly implement its new strategy on October 3 and change its name to Valkyrie Bitcoin and Ether Strategy ETF while keeping its ticker, BTF. This strategy combines both ETH and BTC futures contracts into one ETF.
The fund will join other companies that filed to launch an ETH futures ETF, such as Grayscale Ethereum Futures ETF, ProShares Short Ether Strategy ETF, VanEck Ethereum Strategy ETF, Roundhill Ether Strategy ETF, Volatility Shares Ether Strategy ETF, and Bitwise Ethereum Strategy ETF.
The $77.8 billion asset management company VanEck said earlier today that it was getting ready to launch its Ethereum futures exchange-traded fund (ETF).
