BREAKING: Nasdaq listing hints that the SEC may soon approve ETF application from Valkyrie


The United States Securities and Exchange Commission, or SEC, may soon approve an application from crypto-asset manager Valkyrie for a Bitcoin (BTC) exchange-traded fund, or ETF, with the shares to be listed on the Nasdaq Stock Market.

According to an Oct. 15 notice from the SEC, the agency has accepted the registration of shares of Valkyrie’s Bitcoin Strategy ETF for listing on Nasdaq. In a letter from Nasdaq’s vice president of listing qualifications, Eun Ah Choi — filed the same day — the exchange said Valkyrie’s Bitcoin ETF shares had been certified.

Related: New tickers and ARK filing shows Bitcoin futures ETF approval imminent: Analyst

In its Aug. 11 prospectus with the SEC, Valkyrie said its Bitcoin Strategy ETF would offer indirect exposure to the crypto asset with cash-settled futures contracts. The contracts will be purchased using a Cayman Islands-based subsidiary wholly owned by the fund with exchanges registered with the U.S. Commodity Futures Trading Commission.

The deadline for the SEC to officially approve Valkyrie’s ETF application is Oct. 25, but this could be extended to Dec. 8. The federal agency is currently considering applications for Bitcoin futures ETFs from VanEck, ProShares, Invesco and others.

Products You May Like

Articles You May Like

Price analysis 12/3: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, LUNA, AVAX
Gibraltar’s government plans to bridge the gap between public and private sectors with blockchain
El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin
Blockchains need to move toward standards for interoperable asset transfers
Bitcoin Hashrate Rises Despite Price Drop, Mystery Hashpower Returns

Leave a Reply

Your email address will not be published.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