Valkyrie Investments has filed for an Ethereum futures exchange-traded fund (ETF), as seen in a U.S. Securities and Exchange Commission (SEC) filing on Aug. 16.

According to that filing, nearly all of the fund’s assets will be invested in exchange-traded Ethereum futures, while a small portion will be invested in collateral investments such as cash, cash-like instruments, or high-quality securities. The text of the filing emphasizes that the fund’s assets will not be invested in Ethereum (ETH) itself.

Valkyrie’s filing indicates that the fund’s investment capacity may be limited by regulations set by the Chicago Mercantile Exchange (CME). Those limits currently restrict ETH futures positions to 8,000 contracts per month. Each contract represents 50 ETH (currently $91,100). Valkyrie said …