Valkyrie Investments has filed for a spot Bitcoin ETF with the U.S. Securities and Alternate Fee (SEC), in accordance with a June 21 submitting.
That submitting describes the proposed funding as an exchange-traded fund (ETF) that permits traders to buy shares of a belief containing Bitcoin.
Like many different candidates, Valkyrie noticed the SEC reject its earlier utility for a spot Bitcoin ETF because it did not fulfill issues about surveillance-sharing agreements and market manipulation. That rejection passed off in December 2021.
Although the most recent submitting discusses the above points at size, it’s unclear whether or not the submitting sufficiently addresses the SEC’s previous issues or gives new info.
Different companies file for spot Bitcoin ETFs
Different asset administration firms, together with Invesco, WisdomTree, and Bitwise have additionally filed for spot Bitcoin ETFs in current days. These filings comply with an utility from the trade large BlackRock, which has generated loads of hype.
Constancy and Constancy Digital Property are additionally rumored to be pursuing a spot Bitcoin ETF, although these rumors should not verified, and the businesses have made no submitting.
There’s at present no spot Bitcoin ETF out there to U.S. traders.
The submit Valkyrie Investments throws its hat within the ring for a spot Bitcoin ETF, becoming a member of BlackRock, Invesco, WisdomTree, and Bitwise appeared first on CryptoSlate.