Valkyrie Investments has utilized to the U.S. Securities and Alternate Fee (SEC) for a spot Bitcoin ETF, in keeping with a June 21 submitting.

The applying describes the proposed funding as an exchange-traded fund (ETF) that enables buyers to buy shares within the belief containing bitcoin.

Like many different candidates, Valkyrie considered the SEC as having rejected earlier functions for spot bitcoin ETFs as a result of they failed to fulfill surveillance sharing agreements and issues about market manipulation. This denial was made in December 2021.

Whereas the most recent submitting discusses these points intimately, it’s unclear whether or not the submitting adequately addresses the SEC’s previous issues or offers new info.

Different Corporations Apply for Spot Bitcoin ETFs

Different asset administration companies comparable to Invesco, WisdomTree and Bitwise have additionally utilized for spot Bitcoin ETFs in latest days. These filings observe these from business large BlackRock, which precipitated a lot of the hype.

Constancy and Constancy Digital Property are additionally rumored to be pursuing a spot Bitcoin ETF, however these rumors haven’t been verified and neither firm has filed an software.

There are presently no Spot Bitcoin ETFs accessible to US buyers.

An article first appeared on currencyjournals about Valkyrie Investments taking up the spot bitcoin ETF, becoming a member of BlackRock, Invesco, WisdomTree and Bitwise.

(Tag Translation) Bitcoin