Valkyrie becomes first U.S. firm to offer both Ethereum and Bitcoin futures contracts, following SEC approval to modify its existing BTC ETF.
futures through its newly combined Bitcoin and Ether Strategy ETF, making it the first U.S. firm to allow investors to bet on the future price of the second largest digital asset.Commenting on this development, Steven McClurg, Chief Investment Officer of Valkyrie, stated, “We are excited to be the first to offer Ethereum futures to our investors, as interest in this asset has experienced tremendous growth over the past year.
Valkyrie’s introduction of Ethereum futures ETFs is expected to drive increased participation in cryptocurrency trading among retail investors. These ETFs can be traded on major exchanges such as Nasdaq and the New York Stock Exchange, providing a convenient and accessible avenue for individuals to engage in this market.Initially scheduled for an Oct.
Since October 2021, the SEC has permitted trading Bitcoin ETFs linked to futures contracts. However, there have been limited offerings for Ethereum derivatives. Alongside Valkyrie, eight other issuers, including VanEck, Grayscale Investments, and Bitwise, have
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