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Valkyrie backtracks on Ether futures contract purchases until ETF launch
Bloomberg analyst Eric Balchunas speculated that the SEC may have pressured Valkyrie to halt ETH futures contract purchases until the ETF was officially approved.
Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission to approve an exchange-traded fund, or ETF, with exposure to Ether ETH tickers down $1,672 futures rather than making purchases in advance.
In a Sept. 29 filing with the SEC, Valkyrie said it would not make certain purchases “until the effectiveness of an amendment” reflecting ETH futures contracts as the ETF’s principal investment strategy. The firm told Cointelegraph on Sept. 28 that it planned to allow investors exposure to Ether and Bitcoin BTC tickers down $26,936 under a combined Bitcoin and Ether Strategy ETF, with purchases planned ahead of a launch the first week of October.
Bloomberg analyst Eric Balchunas speculated that the SEC may have pressured Valkyrie to halt ETH futures contract purchases until the ETF was officially approved.
Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission to approve an exchange-traded fund, or ETF, with exposure to Ether ETH tickers down $1,672 futures rather than making purchases in advance.
In a Sept. 29 filing with the SEC, Valkyrie said it would not make certain purchases “until the effectiveness of an amendment” reflecting ETH futures contracts as the ETF’s principal investment strategy. The firm told Cointelegraph on Sept. 28 that it planned to allow investors exposure to Ether and Bitcoin BTC tickers down $26,936 under a combined Bitcoin and Ether Strategy ETF, with purchases planned ahead of a launch the first week of October.
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