📉 Asset manager Valkyrie has filed an application to create an ETF based on Ether (ETH) futures with the US Securities and Exchange Commission. This is in addition to the company's previous move to change the investment strategy for Bitcoin futures ETFs.
- The Fund will not directly invest in Ether, but will seek to purchase a number of Ether futures contracts.
- Ether can be considered either a currency or a digital commodity depending on its use in specific transactions.
- Although some large and small retailers accept ether as payment, its use is limited.
This is a developing story and more information will be added as it becomes available.
- The Fund will not directly invest in Ether, but will seek to purchase a number of Ether futures contracts.
- Ether can be considered either a currency or a digital commodity depending on its use in specific transactions.
- Although some large and small retailers accept ether as payment, its use is limited.
This is a developing story and more information will be added as it becomes available.