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Valkyrie Funds File for New Ethereum Strategy ETF with the US SEC
On Wednesday, August 16, Valkyrie Funds filed with the US Securities and Exchange Commission (SEC) for a new fund that would specifically invest in Ether Futures. With this, Valkyrie joins the likes of Volatility Shares, Bitwise, and others, who have already submitted their applications for the Ethereum futures ETF.
Dubbed the Valkyrie Ethereum Strategy ETF, the fund aims to offer investors capital appreciation by investing in the ETF contracts on Ether as well as other “collateral investments”. This includes high-quality securities such as commercial papers and Treasury bonds. Note that, unlike the spot ETF contracts, the fund won’t directly invest in Ethereum (ETH). In its filing on Wednesday, August 16, Valkyrie noted:
“Ether and ether futures are a relatively new asset class. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The
We współpracy z: https://www.coinspeaker.com/valkyrie-ethereum-strategy-etf-sec/
