Asset management firm Valkyrie has reportedly submitted an application to the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on investments in Ether futures. This development comes in the wake of the crypto market’s rebound this year and rising interest from major asset managers like BlackRock in introducing derivative-based products such as ETFs. While the US regulator has approved Bitcoin futures ETFs since October 2021, it has rejected several applications for spot bitcoin ETFs, citing concerns over potential market manipulation and fraud.