Posted 9/29/2023, 3:24:00 PM
Valkyrie Pauses Ether Futures Purchases Amid Uncertainty Around SEC Approval
- Valkyrie backs off ether futures purchases until SEC ETF approval officially effective
- Valkyrie will not buy ether futures until SEC approval of adding vehicle to Bitcoin Strategy ETF is effective
- Valkyrie will unwind any ether futures purchases already made
- Quick backtrack after Valkyrie said it had begun adding ether futures exposure after SEC approval
- Bloomberg analyst says Valkyrie unwinding is SEC not wanting to be "kingmaker" via policies
- Ether futures ETFs from ProShares, Bitwise and VanEck to begin trading Monday
- Valkyrie did not respond to request for comment
