SEC approves first "hybrid" Ethereum futures ETF! Valkyrie takes the lead, trading begins on 10/3

It's not even October yet! The first ETF containing Ethereum futures positions has been approved by the SEC and will officially start trading on Nasdaq on 10/3. However, this ETF introduced by Valkyrie is not just a simple Ethereum futures ETF, but a mixed ETF of Bitcoin and Ethereum futures.

The U.S.'s First "Hybrid" Ethereum Futures ETF Debuts!

According to a report by Coindesk, asset management company Valkyrie has received approval from the SEC to add Ethereum futures exposure to its existing Bitcoin futures ETF.

A spokesperson for Valkyrie stated:

"Today, Valkyrie Bitcoin Strategy ETF began adding exposure to Ether futures contracts, making it the first U.S. ETF to offer exposure to both Ethereum and Bitcoin futures contracts in a single product."

Among the many companies applying for Ethereum futures ETFs, Valkyrie took the lead, with its spokesperson citing the supplementation of its prospectus and updates to the risk disclosures related to Ethereum futures as reasons for its success.

Following the transformation of Valkyrie's Bitcoin futures ETF, the ETF's name has been changed to "Valkyrie Bitcoin and Ether Strategy ETF," with the ticker symbol still being BTF, and it officially began trading on Nasdaq on 10/3.