- The US Securities and Trade Fee accepts Valkyrie’s Bitcoin ETF utility.
- The choice follows a slew of different comparable Bitcoin ETF utility acceptances.
- A 21-day remark interval has begun for the general public and establishments to present their feedback and opinions on the nomination.
The US Securities and Trade Fee has given the Valkyrie Bitcoin ETF app a nod. The Tennessee-based asset supervisor resubmitted its Bitcoin ETF utility on June 21, 5 days after BlackRock filed its ETF proposal. Valkyrie’s utility was the most recent to be filed after a large wave of purposes for Bitcoin ETFs from different corporations.
Sharing the information on Twitter, Eric Balchunas, senior ETF analyst at Bloomberg, tweeted that the SEC had accepted Valkyrie’s Bitcoin ETF utility. In line with the official submitting dated July 17, the SEC mentioned it had accepted the Valkyrie spot Bitcoin ETF for a possible rule change that may enable it to be listed and traded below the Nasdaq. Valkyrie has additionally chosen the “$BRRR” ticker for its Bitcoin ETF.
The fee has now opened a public remark interval to obtain precious enter earlier than starting its formal evaluate course of. Feedback are open for 21 days earlier than a evaluate is made. Most people and establishments can remark and provides suggestions on the ETF through the remark interval.
This newest SEC approval means the fee has accepted two Bitcoin ETF purposes in every week, first from Blackrock and now from Valkyrie. Equally, Bitcoin ETF infills by Constancy Investments, Knowledge Tree, Invesco, VanEck, and ARK 21 have obtained comparable acceptance from the SEC.
This is a vital improvement for the cryptocurrency business, as a possible Bitcoin ETF approval might be a game-changer for the cryptocurrency market.
The crypto market reacted positively to the information, with Bitcoin crossing the $30,000 mark and sustaining a steady grip. Nevertheless, the cryptocurrency misplaced a few of the positive factors it had made when the information broke. Nonetheless, it continues to commerce above $30,000 at press time, in accordance with knowledge from CoinMarketCap.
