#valkyrie

Valkyrie Chief Investment Officer Steven McClurg believes that a spot Ethereum ETF is unlikely to come soon, though it could be approved by 2026. He advises against drawing parallels with the Bitcoin ETF, highlighting significant differences between the two cryptocurrencies.

Valkyrie's spot Bitcoin ETF application has officially entered the review stage at the U.S. Securities and Exchange Commission (SEC). It comes right after BlackRock's recent submission. Here's an interesting detail: this ETF has been given the ticker symbol BRRR, a sound crypto enthusiasts often equate with the whir of a money printing machine! The SEC has a window of up to 45 days (which can be extended to 90 days in special cases) to review Valkyrie's application.

Valkyrie Investments has recently submitted an updated application to register their spot Bitcoin ETF, cleverly named BRRR (emulating the sound of a money-counting machine).

Eric Balchunas from Bloomberg, a seasoned ETF Analyst, estimates a 90% chance of the first Ether Futures ETF receiving approval come early October. According to him, Valkyrie Funds is set to lead with its application, with a series of affirmative decisions expected to follow. “The spot ETF remains in limbo,” Balchunas points out.