According to sources, Valkyrie Investments has applied to the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF. June 21st 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 viewed the SEC as having rejected previous applications for spot bitcoin ETFs because they failed to meet surveillance sharing agreements and concerns about market manipulation. 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 management firms 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.
