Digital asset manager Valkyrie won’t buy additional ether (ETH) futures for its Valkyrie Bitcoin Arrangement ETF till the U.S. Securities and Commerce Commission (SEC) approves the inclusion of the futures in alternate-traded funds, according to a contemporary regulatory submitting on Friday.

The agency will additionally unwind any ether futures purchases it already made. The change comes a day after Fox Industry printed an odd declaring that Valkyrie had “won the flee to offer the principle alternate-traded fund that comprises ethereum futures.”

The SEC appears to be speeding throughout the acclaim for Ethereum futures ETFs due to the the looming govt shutdown on Oct. 1. The ETFs may maybe well originate up procuring and selling as early as Monday.

Contenders within the flee include VanEck’s Ethereum Futures ETF (EFUT), two entries from Bitwise and three ProShares funds, which all filed contemporary or up so far ETF purposes on Thursday and Friday.

Once accredited to add the futures, Valkyrie’s fund can be called the Valkyrie Bitcoin and Ether Arrangement ETF.

The U.S. Congress fundamental to pass 12 various spending bills prior to govt funding expires at 12:01 a.m. on Oct.1 to e book clear of a shutdown.

SEC Chair Gary Gensler instructed the U.S. Dwelling Monetary Products and services Committee on Wednesday that upto 93 p.c of the agency can be furloughed within the tournament of a shutdown, leaving within the help of a skeleton staff who would make popular operations.