Odaily Planet Daily News The U.S. SEC has approved Valkyrie to convert its existing Bitcoin futures ETF into Bitcoin and Ethereum futures ETFs. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategic ETF" and will officially take effect on October 3, while the code will still be BTF.
A spokesperson said that the Valkyrie Bitcoin Strategy ETF has begun to increase its exposure to ether futures contracts, and it has also become the first ETF in the United States to provide exposure to both ether and bitcoin futures contracts.
In addition, the spokesperson also said that the Valkyrie Ethereum Futures ETF was the first to be approved because it supplemented the prospectus and updated the risk disclosure related to Ethereum futures. (CoinDesk)