Valkyrie Files to Convert BTF Into Bitcoin and Ether ETF

Published on:

Last Updated on August 5, 2023 by Bitfinsider

Valkyrie Financial Services has apparently filed a 497 to convert its Bitcoin Strategy exchange-traded fund on October 3, 2023, into a Bitcoin and Ether Strategy ETF.

Valkyrie’s Bitcoin Strategy ETF is currently an actively managed exchange-traded fund offered through Nasdaq. Its main focus is on bitcoin futures contracts.

According to Bloomberg Senior ETF Analyst Eric Balchunas on X (previously Twitter), Valkyrie’s projected debut date of Oct. 3 “would be two weeks ahead of the other 13 filers’ scheduled launch.”

Earlier on Friday, The Block reported that ProShares and Bitwise have submitted applications with the Securities and Exchange Commission for exchange-traded funds that give exposure to both bitcoin and ether, adding to the 10 ether futures ETF filings that existed at the time.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.