Valkyrie Investments throws its hat in the ring for a spot Bitcoin ETF, joining BlackRock, Invesco, WisdomTree, and Bitwise

According to sources, Valkyrie Investments has filed a Spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). June 21 filing.

The application describes the proposed investment as an exchange-traded fund (ETF) that allows investors to purchase shares in the trust containing bitcoin.

Like many other applicants, Valkyrie believed that the SEC had rejected previous applications for spot bitcoin ETFs because they failed to meet surveillance sharing agreements and market manipulation concerns. This denial was made in December 2021.

Although the latest filing discusses these issues in detail, it is unclear whether the filing adequately addresses the SEC’s past concerns or provides new information.

Other Companies Apply for Spot Bitcoin ETFs

Other asset managers such as Invesco, WisdomTree and Bitwise have also applied for spot Bitcoin ETFs in recent days. These filings follow those from industry giant BlackRock, which caused much of the hype.

Fidelity and Fidelity Digital Assets are also rumored to be pursuing a spot Bitcoin ETF, but those rumors have not been verified and neither company has filed an application.

There are currently no Spot Bitcoin ETFs available to US investors.

An article first appeared on CryptoSlate about Valkyrie Investments taking on the spot bitcoin ETF, joining BlackRock, Invesco, WisdomTree and Bitwise.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button