Invest in the latest web 3.0 technology with Valkyrie's Ether futures ETF.
Breaking: Valkyrie files for Ether futures ETF with the SEC

Valkyrie Files for Ether ETF

Asset management firm Valkyrie has submitted an application to the United States Securities and Exchange Commission for an Ether (ETH) futures Exchange-Traded Fund (ETF). This is in addition to the company’s previous move to modify its investment strategy for a Bitcoin (BTC) futures ETF in compliance with the regulator.

As per the application, the fund will not invest directly in Ether but rather will seek to purchase a number of ETH futures contracts. Ether is the native coin of the Ethereum blockchain, used for peer-to-peer transactions within the decentralized network.

“Ether may be regarded as a currency or digital commodity depending on its specific use in particular transactions. Ether may be used as a medium of exchange or unit of account,” reads the document, which adds that “although a number of large and small retailers accept ether as a form of payment in the United States and foreign markets, there is relatively limited use of ether for commercial and retail payments. Similarly, ether may be used as a store of value, […] although it has experienced significant periods of price volatility.”

In addition to investments in Ether futures, the ETF will invest its remaining assets in cash, cash-like instruments, high-quality securities, money market funds, and corporate debt securities. This provides investors with the opportunity to invest in Web 3.0, blockchain and crypto, and take advantage of the best Web 3.0 investments.

For those interested in learning more about blockchain and Web 3.0, there are a number of courses available, as well as blockchain and Web 3.0 PDFs. Additionally, there are a number of applications of Web 3.0, such as the Apple Health application.

According to Valkyrie’s application, the ETF investment in Ether futures contracts will be limited to 8,000 contracts per month, in compliance with position limits established by the Chicago Mercantile Exchange. Futures contracts are standardized agreements to buy or sell an asset at a future point at a specific price. If approved, investors will be able to invest in web 3.0 and wager on future prices of Ether through the ETF.

Cointelegraph previously reported that at least six other major asset managers have similarly filed to offer an Ether futures ETF to U.S.-based customers, including Grayscale, VanEck, Bitwise, Volatility Shares, ProShares and Round Hill Capital.The wave of applications follows high expectations that U.S. authorities will soon approve a spot Bitcoin ETF in the country, with multiple investment firms seeking a regulatory green light, including Wall Street giants BlackRock and Fidelity.

The blockchain and crypto industry is growing rapidly, and the blockchain web 3.0 course is becoming more popular. People are looking for the best web 3.0 investments and the blockchain technology web 3.0 is becoming more and more attractive. Moreover, the blockchain in web 3.0 is gaining more attention and people are eager to learn more about the crypto market. There are also a lot of blockchain and web 3.0 pdfs available online, and many applications of web 3.0 are being developed. For instance, the apple health application is a web 3.0 application.

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