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Valkyrie Funds halts ethereum purchases for exchange-traded fund

:Financial services firm Valkyrie Funds LLC said on Friday it will halt buying of ethereum for the Valkyrie Bitcoin and Ether Strategy ETF and unwind any positions already acquired, a stumbling block in its bid to be the first to bring an exchange traded fund (ETF) tied to the cryptocurrency ethereum to the market.
Valkyrie Funds Exchange Commission Valkyrie Bitcoin Ether Strategy

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Valkyrie Funds to add 'ether' futures in exchange-traded fund after SEC approval

Investment manager Valkyrie Funds LLC has begun adding ethereum futures to its existing Bitcoin futures exchange-traded fund, after getting the green light from the U.S. Securities and Exchange Commission (SEC), the company said on Thursday. The renamed Valkyrie Bitcoin and Ether Strategy ETF will launch on Monday, Valkyrie's chief investment officer Steven McClurg told Reuters. It would be the first time futures based on Ethereum or "ether" contracts would be available to investo...
Steve Sosnick Suzanne Mcgee Steven Mcclurg Valkyrie Funds Exchange Commission Valkyrie Bitcoin
Source: aol.com

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