Valkyrie Funds, which already offers a Bitcoin Strategy ETF and a Bitcoin Miners ETF, filed with the Securities and Exchange Commission on Wednesday for a new fund that would invest specifically in ether futures. 

Dubbed the Valkyrie Ethereum Strategy ETF, the fund will seek to provide investors with capital appreciation by investing in exchange-traded futures contracts on ether and “collateral investments” including high-quality securities such as Treasury bonds and commercial paper. The fund will not directly invest in ether.

"Ether and ether futures are a relatively new asset class," Valkyrie said in the filing.  "They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The value of an investment in the Fund …