Valkyrie Investments, a leading asset management firm, is set to become the first to offer exposure to both Ether and Bitcoin futures contracts within a single entity. The firm plans to purchase Ethereum Futures on Oct. 3, and will rebrand its existing Bitcoin futures ETF to the “Valkyrie Bitcoin and Ether Strategy ETF”. Commenting on this development, Steven McClurg, Chief Investment Officer of Valkyrie, stated, “We are excited to be the first to offer Ethereum futures to our investors, as interest in this asset has experienced tremendous growth over the past year.”Valkyrie’s introduction of Ethereum futures ETFs is expected to drive increased participation in cryptocurrency trading among retail investors. These ETFs can be traded on major exchanges such as Nasdaq and the New York Stock Exchange, providing a convenient and accessible avenue for individuals to engage in this market.Valkyrie expedited the launch of its Ethereum futures ETF due to concerns about a potential government shutdown on Friday. If a funding resolution is not reached, the federal government is expected to stop most operations on Saturday, resulting in the layoff of nearly two million federal workers.Since October 2021, the SEC has permitted trading Bitcoin ETFs linked to futures contracts. However, there have been limited offerings for Ethereum derivatives. Alongside Valkyrie, eight other issuers, including VanEck, Grayscale Investments, and Bitwise, have submitted applications to launch ETFs based on Ethereum.

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Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	10
People	SEC, Steven McClurg
Companies	New York Stock Exchange, VanEck, Grayscale Investments, Nasdaq, Bitwise, Valkyrie Investments, SEC
Currencies	Bitcoin, Ethereum
Securities	None