Posted 9/29/2023, 4:36:29 PM
Valkyrie Pauses Ether Futures Buys Ahead of Planned Bitcoin, Ethereum ETF
- Valkyrie backtracks on buying Ether futures ahead of planned ETF launch after speculation of SEC pressure
- Valkyrie filing states it won't make Ether futures purchases "until the effectiveness of an amendment"
- The firm had previously said it planned to offer Bitcoin and Ether exposure via a combined ETF
- Valkyrie will now "unwind any existing positions in ether futures contracts"
- Delays in ETF decisions potentially related to impending U.S. government shutdown deadline