SEC Greenlights Valkyrie Bitcoin Futures ETF, but No Sign of Spot Yet

2022-5-6 11:00

The United States Securities and Exchange Commission (SEC) has approved a futures exchange-traded fund (EFT) application from Valkyrie. 

This marks yet another ETF approved by the SEC, which has been accepting futures ETFs but so far no spot ETFs.

The application was filed under the Securities Exchange Act of 1934 law, using a 19b-4 form. Teucrium also used this form to win approval.

The Valkyrie Bitcoin Futures ETF was first filed in Aug and tracks bitcoin futures contracts. Regarding the potential of manipulation, the SEC said that “it is unlikely that trading in the ETP would be the predominant influence on prices in that market.”

SEC has approved a number of futures ETFs recently

It is not the first futures ETF to be approved by the SEC. The authority has also approved bitcoin futures ETFs from ProShares and VanEck. As for spot ETF approval, it has said that it will not do so for fear of inadequate investor protection in the market.

Several companies have filed for ETFs in the past 12 months, with some pulling out, like Bitwise, which shifted focus to a spot fund instead. The funds have done well, but many are hoping for great success with the arrival of a spot ETF.

Teucrium’s bitcoin ETF was also recently approved. In the approval letter, the SEC hinted that it would allow spot ETFs if it had more supervision and control over the crypto market. 

Specifically, it asked for surveillance sharing of crypto exchanges. This is unlikely to happen voluntarily by crypto exchanges as it goes against the spirit of decentralization.

It’s clear that the market will have to undergo more regulation before a spot ETF is approved. But with the regulatory actions increasing by the day, it may happen in the medium-term future.

The post SEC Greenlights Valkyrie Bitcoin Futures ETF, but No Sign of Spot Yet appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Filecoin [Futures] (FIL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $5.1636
Капитализация $0 Rank 99999
Цена в час новости $ 13.69 (-100%)

futures valkyrie sec yet sign spot greenlights

futures valkyrie → Результатов: 24


XBTF Dips Amidst Market Turbulence, 3rd Bitcoin Futures ETF Launches with Lowest Fee But Fails to Gain Traction

VanEck’s Bitcoin Futures ETF (XBTF) only amassed $9.6 million in AUM compared to ProShares’ (BITO) over $1 billion and Valkyrie’s (BTF) $60 million. The post XBTF Dips Amidst Market Turbulence, 3rd Bitcoin Futures ETF Launches with Lowest Fee But Fails to Gain Traction first appeared on BitcoinExchangeGuide.

2021-11-18 17:41


Argentina Plans to Launch Bitcoin Futures While US SEC Postpones Valkyrie Spot Bitcoin ETF Deadline to Early January

Valkyrie Fund CIO says Bitcoin Spot ETF is not coming until the middle of next year as the regulator tries to “get their heads around what exactly is going on with these exchanges.” The post Argentina Plans to Launch Bitcoin Futures While US SEC Postpones Valkyrie Spot Bitcoin ETF Deadline to Early January first appeared on BitcoinExchangeGuide.

2021-11-3 20:12


SEC отклонила заявку на фьючерсный биткоин-ETF с левериджем

SEC отклонила заявку от Valkyrie Investments на запуск биткоин-ETF на базе торгуемых на CME фьючерсов с использованием 1,25x плеча. Looks like the SEC not having it w the levered (and likely inverse) Bitcoin futures ETFs.

2021-10-28 11:55


Valkyrie Files to Offer a Leveraged Bet on Bitcoin Futures, Direxion to Provide Short Exposure to CME Contracts

Just days after launching the Bitcoin futures exchange-traded fund (ETF), Valkyrie Investments is ready to offer amped-up returns to its users. Valkyrie (BTFD) was second to ProShares Bitcoin Strategy ETF (BITO) to the market, and now it has filed an application with the Securities and Exchange Commission to launch the Valkyrie XBTO Levered BTC Futures […] The post Valkyrie Files to Offer a Leveraged Bet on Bitcoin Futures, Direxion to Provide Short Exposure to CME Contracts first appeared on BitcoinExchangeGuide.

2021-10-27 16:39


Cathie Wood’s Ark Throws its Hat in the Bitcoin Futures ETF Ring, Valkyrie Updates Prospectus for Potential Approval This Month

Cathie Wood had joined the race of Bitcoin Futures exchange-traded fund (ETF) with its ARK 21Shares Bitcoin Futures Strategy ETF (ARKA). The ETF plans to invest Bitcoin futures contracts on commodity exchanges, according to a filing with the Securities and Exchange Commission (SEC).

2021-10-14 15:31