Valkyrie and VanEck to Launch Ether Futures ETFs
Ether Futures ETFs Launch
Investment firm Valkyrie is poised to offer exposure to Ether futures, enhancing its Bitcoin Strategy ETF to include both Ether and Bitcoin futures. This strategic move positions Valkyrie among the pioneering firms in this domain, especially as numerous applications await approval from the U.S. Securities and Exchange Commission. The updated fund, renamed the Valkyrie Bitcoin and Ether Strategy ETF, will be accessible from October 3, providing a comprehensive investment option for those interested in cryptocurrency futures.
VanEck's Ethereum Strategy ETF
Asset manager VanEck is also set to introduce its Ethereum Strategy ETF, to be listed on the Chicago Board Options Exchange soon. This step marks a significant development in the crypto investment landscape, potentially influenced by an anticipated U.S. government shutdown that may have expedited the launch of Ether futures ETFs.
Bankman-Fried's Legal Proceedings
Former FTX CEO Sam Bankman-Fried faces an extensive legal battle, with his criminal trial commencing on October 4 and continuing until November 9. The trial will address seven fraud charges, demanding that the prosecution demonstrates both substantive and conspiracy charges. Bankman-Fried, currently detained at the Brooklyn Metropolitan Detention Center since August 11, could face life imprisonment if found guilty of fraud.
These developments underscore the dynamic nature of the cryptocurrency market and legal landscape, highlighting the ongoing evolution and challenges within the industry.
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