Valkyrie backtracks on buying ether futures

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Valkyrie backtracks on buying ether futures

Valkyrie said Friday it would not purchase ether futures until the U.S. Securities and Exchange Commission's approval of adding that vehicle to its Bitcoin Strategy ETF is effective.

The asset manager, according to SEC Form 497, said it would unwind any ether futures purchases it had already made.

The quick backtrack comes after the firm yesterday told CoinDesk it had begun adding ether futures exposure to the BTF after gaining SEC approval.

Notwithstanding Valkyrie's actions, it does appear that on Monday a number of ether futures ETFs will begin trading in the U.S., with ProShares, Bitwise and VanEck among those confirming as much in SEC filings on Friday morning.