Valkyrie Funds Files to Convert BTF to BTC and ETH ETF From Oct 3

• Valkyrie filed to convert their Bitcoin Futures ETF into a spot Bitcoin and Ethereum ETF.
• The Fund plans to change its principal investment strategy to a different management exposure.
• Valkyrie’s new exposure would combine Bitcoin Futures contracts and Ether Futures contracts.

Valkyrie Funds, an alternative assets management company based in the United States, has submitted a filing to allow them to convert their Bitcoin Futures ETF (BTF) into a spot Bitcoin and Ethereum ETF starting October 3. Eric Balchunas, Senior ETF analyst for Bloomberg, observes that the proposed date will be two weeks ahead of the scheduled launch of the other 13 filers, noting that he is keen to see how this plays out. 

INTERESTING: Valkyrie just filed a 497 that they plan to convert $BTF into a Bitcoin + Ether ETF on Oct 3rd, which would would be two wks ahead of the other 13 filers scheduled launch. We'll see if this flies. Something similar happened back in day with $MJ, the first pot ETF https://t.co/Ypnien30ED pic.twitter.com/W9WiU2xc0W

— Eric Balchunas (@EricBalchunas) August 4, 2023

In an application dated August 4, 2023, Valkyrie stated it would change its principal investme…

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