Valkyrie Follows In BlackRock’s Footsteps, Refiles For Spot Bitcoin ETF

2023-7-5 21:00

The dream of a spot Bitcoin exchange-traded fund (ETF) in the US is still yet to become a reality as various investment firms continue to seek approval from the Securities and Exchange Commission (SEC) despite multiple rejections. In a recent turn of events, Valkyrie, an alternative asset management company specializing in the emerging cryptocurrency sector, refiled its application for a Spot bitcoin exchange-traded fund.

Valkyrie Takes Another Swing At Bitcoin ETF Approval

In a new 19b-4 form submitted by the Tennessee-based firm, the latest Bitcoin ETF filing includes some key differences that may improve its chances of approval by the SEC.

For starters, Valkyrie mentions it is now bringing on Coinbase as a partner for market surveillance in support of the fund. The company also mentions that Coinbase had “executed a term sheet with Nasdaq” to “enter into a surveillance-sharing agreement.”

Given that Coinbase is the largest cryptocurrency exchange based in the United States, Valkyrie’s partnership with Coinbase is most likely going to increase the likelihood that the application will be approved.

Valkyrie is, however, not new to the BTC business, as the company is majorly focused on bridging the gap between traditional finance and the rapidly evolving digital asset industry. In 2022, the company received approval from the SEC for its Bitcoin Futures Fund. 

In 2021, Valkyrie filed for a Spot Bitcoin ETF, but it was outrightly rejected by the SEC for the reason of being too risky for investors for various reasons such as market manipulation. The former application proposed that the fund be listed on NYSE Arca, but now it’s moving to Nasdaq with the ticker symbol $BRRR.

How A Spot BTC ETF Could Impact Crypto Markets

Other major players in the investment world have recently filed for their own Spot Bitcoin ETFs with the SEC. Investment companies like BlackRock and Fidelity have refiled their spot Bitcoin application in the past month. This news drove the price of Bitcoin high in late June, crossing over $30,000. Although these applications were previously said by the SEC to be ‘inadequate’, they have now been modified and refiled.

With major investment companies entering the fray and refiling their applications, the SEC will likely face mounting pressure to approve a Spot Bitcoin ETF finally. As investors’ demand for digital assets grows, a spot ETF could provide a regulated way to gain exposure to BTC and lead to even more mainstream adoption of cryptocurrencies, especially for institutional investors.

If any of these filings are approved, it would be the first Bitcoin spot ETF to win approval in the US and the fund(s) will be able to offer unlimited Bitcoin ETF shares to investors.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf bitcoin spot seek approval continue firms

Источник: newsbtc.com

etf bitcoin → Результатов: 126


Канадские биткойн-ETF сталкиваются с оттоком инвестиций, поскольку инвесторы обращаются к фондам США

Инвесторы переходят от канадских биткойн-ETF к американским аналогам, при этом в Purpose Bitcoin ETF наблюдается значительное сокращение активов. Последние данные показывают , что канадские держатели биржевых фондов биткойнов (ETF) перемещают свои инвестиции, при этом зафиксирован значительный отток средств из Purpose Bitcoin ETF.

2024-2-27 23:08


Some New Coins After ETF Approval Had Nothing to Do With Bitcoin

Markets have always been forward-looking, and the Bitcoin (BTC) Spot ETF was a classic example. Most of the highest gaining coins after the ETF approval had nothing to do with Bitcoin. Observing altcoins like Xai (XAI), Ethereum Classic (ETC), Ethereum Name Service (ENS), and Galaxy Fox (GFOX) may offer some insights as to where the … Continued The post Some New Coins After ETF Approval Had Nothing to Do With Bitcoin appeared first on BeInCrypto.

2024-1-18 11:30


VanEck исключит из листинга Bitcoin Strategy ETF

Решение об удалении акций VanEck Bitcoin Strategy ETF было принято примерно через неделю после того, как фирма получила одобрение SEC на листинг акций своего спотового Bitcoin ETF. Фирма по управлению активами VanEck объявила, что планирует закрыть и ликвидировать свой биржевой фонд стратегии биткойнов ( BTC ) менее чем через два года после его запуска.

2024-1-18 00:01


The Real Reason Behind Matrixport’s Dire Bitcoin ETF Predictions

Earlier today, Matrixport published a report predicting that the SEC would reject all Bitcoin ETF applications in January, causing Bitcoin’s price to plunge 9% within an hour. However, well-respected ETF analysts James Seyffart and Eric Balchunas from Bloomberg have countered Matrixport’s justification, arguing that ETF approval is actually highly likely.

2024-1-3 16:30


Фото:

Purpose Bitcoin ETF holdings soar past 30k, topping $1 billion amid signs of rising institutional interest

Quick Take Overcoming previous setbacks, the Purpose Bitcoin ETF’s holdings recently surpassed a significant milestone of 30k Bitcoin, a first since the Luna collapse in June 2022. Furthermore, its assets under management (AUM) have exceeded the $1 billion mark, underscoring the ETF’s resilience in its 18-month recovery period.

2023-11-14 01:45


Фото:

Cathie Wood says ‘hopes are rising’ for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets

Cathie Wood, the CEO and CIO of ARK Invest, commented on pending spot Bitcoin ETF applications during a CNBC interview on Oct. 16. As ARK Invest is one of several asset managers pursuing a spot Bitcoin ETF, Wood began by describing the current state of her company’s application, stating: “It was publicized and disclosed last […] The post Cathie Wood says ‘hopes are rising’ for spot Bitcoin ETF; Larry Fink addresses role of crypto in restless markets appeared first on CryptoSlate.

2023-10-17 01:50


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Приток биткойн-ETF от BlackRock IBIT превышает 10 миллиардов долларов

Всего за два месяца спотовый биржевой биткойн-фонд BlackRock IBIT в пятницу превысил 10 миллиардов долларов чистого притока. Совокупных потоков IBIT в размере 10,03 миллиарда долларов почти достаточно, чтобы компенсировать общий отток в 10,55 миллиардов долларов только из конвертированного фонда GBTC Grayscale.

SEC может уведомить одобренных эмитентов ETF к началу следующей недели

По данным SEC, в преддверии крайнего срока 10 января, когда Комиссия по ценным бумагам и биржам (SEC) решит, одобрить или нет спотовый биткойн-ETF, предложенный Ark Investments и 21Shares, агентство может сообщить управляющим активами, будут ли одобрены их собственные заявки ко вторнику или среде на следующей неделе.