Asset manager Valkyrie files for Ethereum-focused ETF with US SEC – Reuters
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights
Aug 16 (Reuters) – Asset manager Valkyrie has filed for an Ethereum Strategy exchange-traded fund (ETF) that will invest in ether futures and other collateral assets, paperwork filed with the U.S. Securities and Exchange Commission showed on Wednesday.
After a brutal 2022, the cryptocurrency market is on a rebound as big asset managers, including BlackRock (BLK.N), explore the viability of the alternative asset by planning to launch a string of derivative-based products such as ETFs.
ETFs that track the price of bitcoin futures contracts have been allowed by regulators since October 2021. The greenlighting of the ETF by the SEC was seen as a watershed moment for cryptocurrencies at the time.
The regulator, however, has rejected dozens of applications for spot bitcoin ETFs, citing inadequate level of trading surveillance that could leave the underlying spot market subject to fraud and manipulation.
Reporting by Manya Saini in Bengaluru; Editing by Anil D'Silva
Our Standards: The Thomson Reuters Trust Principles.
Two Pinterest directors have resigned from Nextdoor's board of directors in response to U.S. Justice Department efforts to stop directors from holding similar board positions at rival companies, the department said on Wednesday.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2023 Reuters. All rights reserved