Valkyrie, an asset management firm, has filed for an Ether futures exchange-traded fund (ETF) with the SEC. The ETF will not directly invest in Ether, but will instead purchase ETH futures contracts. The application states that Ether can be seen as a currency or digital commodity, but its use for commercial and retail payments is limited. The ETF will also invest in cash, cash-like instruments, and high-quality securities. The investment in Ether futures contracts will be limited to 8,000 contracts per month. If approved, investors will be able to speculate on future prices of Ether through the ETF.
Key Points:
– Valkyrie has filed for an Ether futures ETF with the SEC.
– The ETF will not directly invest in Ether, but will purchase ETH futures contracts.
– Ether is considered a currency or digital commodity, but its use for payments is limited.
– The ETF will also invest in cash, cash-like instruments, and high-quality securities.
– Investment in Ether futures contracts will be limited to 8,000 contracts per month.
Hot Take:
Valkyrie’s filing for an Ether futures ETF shows their interest in expanding their offerings beyond just Bitcoin. This move reflects the growing popularity and demand for Ether as a cryptocurrency. If approved, the ETF will provide crypto investors with a new way to speculate on the price of Ether and potentially benefit from its future growth.
By
By
By
By