CoinShares’ Valkyrie Funds Will Not Apply For A Spot Ethereum ETF

Bitcoin ETF issuer, Valkyrie Funds will not apply for a spot Ethereum ETF in the United States due to regulatory issues surrounding staking. The company will not join the bandwagon in making filings to the US Securities and Exchange Commission (SEC) towards an Ethereum ETF, Fox Business reporter Eleanor Terrett disclosed, citing sources familiar with the matter.