Valkyrie Investments is set to become the first provider of a U.S.-based ETF that includes Ethereum futures, according to reports from FOX Business. The fund, listed as BTF, has been trading since late 2021 and will make the relevant change on Sept. 29. The fund will then hold 50% Ethereum futures and 50% Bitcoin futures in the first week of October. Competing asset management firm VanEck also announced on Sept. 28 that it will soon launch its own Ethereum futures ETF. The fund will invest in standardized and cash-settled ETF futures contracts on commodity exchanges that are registered with the Commodity Futures Trading Commission (CFTC). It will be listed on the CBOE exchange under the label EFUT and will be actively managed by VanEck’s head of active trading, Greg Krenzer.Several other Ethereum futures funds are also awaiting approval. These include funds from Bitwise, ProShares, and Grayscale, and many of these proposed funds are expected to go live during the first week of October. These are distinct from spot Ethereum ETFs that have been proposed by many of the same companies, which involve direct investments in Ethereum and are less certain to gain regulatory approval. The SEC postponed its decision on two spot Ethereum ETF proposals from VanEck and Ark 21Shares on Sept. 27.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	9
People	Greg Krenzer, James Seyffert, Eleanor Terret
Companies	Chicago Mercantile Exchange (CME), VanEck, Commodity Futures Trading Commission (CFTC), ProShares, Grayscale, U.S. Securities and Exchange Commission (SEC), CBOE., Bitwise, Valkyrie Investments
Currencies	US Dollar, Bitcoin, Ethereum
Securities	None