America Securities and Trade Fee, or SEC, might quickly approve an utility from crypto-asset supervisor Valkyrie for a Bitcoin (BTC) exchange-traded fund, or ETF, with the shares to be listed on the Nasdaq Inventory Market.
In response to an Oct. 15 discover from the SEC, the company has accepted the registration request for shares of Valkyrie’s Bitcoin Technique ETF for itemizing on Nasdaq. In a letter from Nasdaq’s vice chairman of itemizing {qualifications}, Eun Ah Choi — filed the identical day — the change mentioned Valkyrie’s Bitcoin ETF shares had been licensed.
Associated: New tickers and ARK submitting exhibits Bitcoin futures ETF approval imminent: Analyst
In its Aug. 11 prospectus with the SEC, Valkyrie mentioned its Bitcoin Technique ETF would supply oblique publicity to the crypto asset with cash-settled futures contracts. The contracts shall be bought utilizing a Cayman Islands-based subsidiary wholly owned by the fund with exchanges registered with the U.S. Commodity Futures Buying and selling Fee.
The deadline for the SEC to formally approve Valkyrie’s ETF utility is Oct. 25, however this may very well be prolonged to December. The federal company is at present contemplating functions for Bitcoin futures ETFs from VanEck, ProShares, Invesco and others.
This story is growing and could also be up to date.
