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According to a recent FOX Business <\/span>report<\/span><\/a>, Valkyrie Investments has secured approval from the Securities and Exchange Commission (SEC) to launch the first exchange-traded fund (ETF) featuring <\/span>Ethereum <\/span><\/a>(ETH) futures.\u00a0<\/span><\/p>\n This achievement positions Valkyrie as the frontrunner among nine issuers seeking to provide investors with an opportunity to speculate on the future price of the world\u2019s second-largest digital asset through an <\/span>ETF<\/span><\/a>.<\/span><\/p>\n Ether, the native token of the Ethereum <\/span>blockchain<\/span><\/a>, currently holds a value of approximately $1,659 per token. Valkyrie aims to enhance retail participation in the crypto market by introducing an ETF that tracks Ether futures.\u00a0<\/span><\/p>\n According to FOX, Valkyrie Investments plans to merge its existing <\/span>Bitcoin <\/span><\/a>(BTC) futures ETF with the newly introduced Ether futures ETF, creating a combined fund named \u201cthe Valkyrie Bitcoin and Ether Strategy ETF\u201d.\u00a0<\/span><\/p>\n Notably, the ETF\u2019s Nasdaq ticker, BTF, will remain unchanged. The fund\u2019s strategy includes opportunistically purchasing Ethereum futures, reflecting the growing interest in this digital asset over the past year.<\/span><\/p>\n Originally scheduled to commence trading on October 3, Valkyrie expedited its launch in response to the possibility of a government shutdown on Friday, a development that would limit SEC operations.\u00a0<\/span><\/p>\nValkyrie Emerges As First Mover In Ethereum Futures ETF Race<\/span><\/h2>\n