The Valkyries Bitcoin Futures Fund (ETF) will follow the launch of the ProShares ETF strategy on Friday.

The Valkyrie Bitcoin Strategy ETF is finally effective and will begin trading on the Nasdaq during the BTF on Friday, Valkyrie confirmed to Cointelegraph on Thursday.

The launch comes after the US Securities and Exchange Commission on Thursday announced the effectiveness of the Valkyrie Bitcoin Strategy ETF.

According to Leah Wald, CEO of Valkyrie Funds, the upcoming launch of the upcoming Valkyrie Bitcoin ETFs marks a significant milestone in the relationship between the crypto industry and regulators in the United States.

“This launch is significant as it is further confirmation of the US regulator’s desire to work with the industry to regulate cryptocurrency, not ban it,” she said.

“The more products that are put on the market, the more they will be recognized, and hopefully it will spread more widely. Of course, there are other applications for similar products, and it would be wise to enter the market,” Wold added. .

Related: JPMorgan Says Fear of Inflation, Not ETFs, Drives Bitcoin Inflation

As previously reported, the ProShares Strategy ETF was the first Bitcoin futures ETF to be launched in the US and traded on the New York Stock Exchange on Tuesday. Earlier in October, the Securities and Exchange Commission also approved a Bitcoin-linked Volt Equity ETF, which gives investors a tool to invest in companies that have a significant impact on Bitcoin.

Source: CoinTelegraph