Based mostly on June 21 submitting, Valkyrie Investments filed with the US Securities and Alternate Fee (SEC) for an immediate Bitcoin ETF.
That doc describes the proposed funding as an exchange-traded fund (ETF) that permits buyers to purchase shares of a belief that holds Bitcoin.
Like many different candidates, Valkyrie noticed its earlier utility for an immediate Bitcoin ETF rejected by the SEC as a result of it failed to handle considerations about custody-sharing preparations and market manipulation. That rejection occurred in 2021. December.
Whereas the newest submitting discusses the above points at size, it’s unclear whether or not the submitting adequately addresses the SEC’s previous considerations or supplies new info.
Different companies present spot Bitcoin ETFs
Different asset administration companies, together with Invesco, WisdomTree and Bitwise, have additionally filed for spot Bitcoin ETFs in latest days. The submitting follows a much-hyped submitting by business big BlackRock.
Constancy and Constancy Digital Property are rumored to be pursuing Bitcoin within the ETF area, although these rumors are unverified and the businesses haven’t filed.
At present, there isn’t a place for US buyers in Bitcoin ETFs.
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