Valkyrie, a renowned asset management entity, has revealed its intentions to provide American investors with an opportunity to dive into Ethereum futures. This will be facilitated through its existing Bitcoin Strategy ETF. As of October 3rd, this fund will undergo rebranding, emerging under the name “Valkyrie Bitcoin and Ether Strategy ETF“. An internal source at Valkyrie confirmed to CoinAcademy that this initiative will be the first to merge ETH and BTC futures under one offering. This innovative approach comes as several similar applications await SEC approval.
Crypto: Coinbase close to acquiring the 1st crypto exchange in Brazil
Exchange platform Coinbase is reportedly finalizing the acquisition of 2TM, the parent company behind Mercado Bitcoin, for $2.2 billion. Mercado Bitcoin is currently Brazil's leading crypto exchange owned by 2TM, an industry giant. Coinbase would then see itself gain a prominent position in Latin America.
