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Valkyrie Digital Assets Latest To File SEC Registration For Bitcoin ETF

  • Valkyrie Digital Assets is the latest asset management firm to file a registration with the SEC to form a Bitcoin ETF, a bid that joins a crowded field of prospective fund managers looking to capitalize on renewed retail interest in cryptocurrencies. 
  • Filed on Friday, the Texas-based family investment fund proposed listing the Valkyrie Bitcoin Trust on the New York Stock Exchange.
  • If history is any indicator, the filing’s chances of leading to a tradable fund are slim. During the last Bitcoin bull run, multiple firms attempted to throw their hat into the ring as at least nine entities filed proposals for a Bitcoin ETF with the SEC including VanEck, Direxion, and Gemini.
  • Kryptoin CEO Donnie Kim, whose firm filed for an ETF in 2019, previously said: “At this moment in time the commission is listening and learning about this new asset class and they are in a holding pattern, partly to understand the consequences of the existing products on the market and partly to look for further guidance under the current political landscape.”
  • Despite the commission’s historical reticence, as retail interest in cryptocurrency booms, fund managers are once again clamoring to be the first to offer an ETF product. 
  • Read the full story here

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Bitcoin ETF Approved In Canada First In North America
17 days ago

[…] new ETF announcement raises hope that the US Securities and Exchange Commission will follow suit and hopefully approve a US Bitcoin ETF. “It’s another step towards an ETF being authorized in the US.” Says CF […]

Corey Hansford

Corey has been involved in media and writing since graduating from the illustrious Howard University with a degree in Broadcast Journalism. While relatively new to the cryptocurrency world, he has been writing since 2012 with most contributions coming in the sports world on websites such as LakersNation.com and DodgerBlue.com. Corey is also an avid sports fan who closely follows the Lakers, Cowboys, Dodgers, WWE, and UFC.

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