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Valkyrie Investments has filed for a spot Bitcoin ETF with the U.S. Securities and Change Fee (SEC), in response to a June 21 submitting.
That submitting describes the proposed funding as an exchange-traded fund (ETF) that enables buyers 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 didn’t fulfill considerations 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 considerations or offers new info.
Different corporations file for spot Bitcoin ETFs
Different asset administration corporations, together with Invesco, WisdomTree, and Bitwise have additionally filed for spot Bitcoin ETFs in current days. These filings observe an utility from the business big BlackRock, which has generated loads of hype.
Constancy and Constancy Digital Belongings are additionally rumored to be pursuing a spot Bitcoin ETF, although these rumors are usually not verified, and the businesses have made no submitting.
There may be presently no spot Bitcoin ETF accessible to U.S. buyers.
The put up 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.
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