Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?


Crypto Asset Manager Valkyrie Files for Btc Futures ETF

Valkyrie said that the ETF would not “directly invest in bitcoin.”

he crypto trading firm Valkyrie Investments filed a proposal with the Securities and Exchange Commission (SEC) on Wednesday for a bitcoin (BTC, -1.88%) futures exchange traded fund (ETF).

  • The “Fund will not directly invest in bitcoin,” according to the proposal, but “will seek to purchase a number of bitcoin futures contracts so that the total value of the bitcoin underlying the futures contracts” in it is as close as possible “to 100%” of the fund’s net assets.
  • Valkyrie’s filing follows less than a week after remarks at the Aspen Security Forum by SEC Chairman Gary Gensler, who noted that he would favor ETFs based on bitcoin futures traded on the Chicago Mercantile Exchange (CME).
  • Atlanta-based asset manager Invesco has already applied for an ETF that would include exposure to futures, the Grayscale Bitcoin Trust (GBTC) and Canadian bitcoin ETFs. (Grayscale is a subsidiary of Digital Currency Group, CoinDesk’s parent company.)
  • Valkyrie raised $10 million in a Series A capital round to drive its ETF ambitions. It filed a bitcoin ETF prospectus this year and has been awaiting an SEC decision on its application along with other companies that have filed ETF proposals.




The company unveiled a new stylish hardware wallet designed by a former Apple engineer at a Paris event today Bitcoin and cryptocurrency hardware wallet...

Bitcoin Mining

According to a Coindesk report, “The industry has found itself in a fight with the local grid operator provider, Ande, and some members of the...


People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittance payments in local currency through Bitcoin’s Lightning Network. Bitcoin payments app Strike...


Although the crypto winter of 2022 has disrupted the entire crypto industry, traditional banking giants are showing confidence in the sector. Japanese banking giant...