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Valkyrie Funds Converts Bitcoin Futures ETF to Dual Bitcoin Futures and Ether Futures ETF

Valkyrie Funds Converts Bitcoin Futures ETF to Dual Bitcoin Futures and Ether Futures ETF

The leader in digital asset ETF offerings brings combined Ether futures (“Ether Futures”) and Bitcoin futures (“Bitcoin Futures”) exposure under a single ETF wrapper for U.S. investors

Valkyrie Funds, LLC, a leading digital asset investment management company, is excited to announce the first-of-its-kind dual cryptocurrency futures ETF: Valkyrie Bitcoin and Ether Strategy ETF (the “Fund”). The Fund, which will continue to offer investors exposure to Bitcoin Futures and now will offer exposure to Ether Futures up to 50%, will begin trading under the new investment strategy, effective October 3rd, 2023 (the “Conversion”).

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“I am exceptionally proud of the team who worked diligently with our counterparties and regulators to bring this new opportunity to market.”

“Valkyrie prides itself on the commitment to delivering innovative solutions to investors and institutions who want exposure to cryptocurrency with the convenience of a commonly used investment vehicle,” says Leah Wald, CEO of Valkyrie. “I am exceptionally proud of the team who worked diligently with our counterparties and regulators to bring this new opportunity to market.”

The successful Conversion of the Fund will bring investors an entirely new way to gain exposure to the two largest cryptocurrencies by market capitalization in one simplified and accessible ETF through futures contracts.

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“Our successful Conversion represents a breakthrough in the world of cryptocurrency investing for investors here in the States,” said Steven McClurg, CIO of Valkyrie. “By offering exposure to both Bitcoin Futures and Ether Futures contracts, we are providing investors with a unique and secure opportunity to diversify their portfolios and gain exposure within the rapidly expanding digital asset industry. We are excited to pioneer this innovative product and believe it will allow investors greater flexibility in capturing potential growth opportunities in this space.”

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