First Mover Americas: Circle Argues Stablecoins Aren’t Securities in Response to SEC’s Binance Lawsuit

Asset manager Valkyrie started buying ether (ETH) futures contracts, after getting approval to convert its existing bitcoin futures exchange traded fund (ETF) to a two-for-one investment vehicle. “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first U.S. ETF to provide exposure to Ether and Bitcoin futures contracts under one wrapper,” a spokesperson told CoinDesk in an email statement. Valkyrie was first to get approval for ETH futures ETF among other firms, as it “supplemented its prospectus and updated risk disclosures related to Ether futures,” said the spokesperson.

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• Source: https://www.coindesk.com/markets/2023/09/29/first-mover-americas-circle-argues-stablecoins-arent-securities-in-response-to-secs-binance-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines