In Brief:
- The US SEC could approve a Bitcoin ETF application from Valkyrie soon.
- Valkyrie’s Bitcoin ETF has been certified for listing on Nasdaq Stock Market
It seems like the US SEC (Securities and Exchange Commission) will approve a bitcoin exchange-traded fund or ETF application from Valkyrie very soon. The Nasdaq Stock Market will list the share of that ETF.
The Securities and Exchange Commission has approved Valkyrie’s Bitcoin Strategy ETF for Nasdaq listing.
In a letter from Nasdaq’s vice president of listing qualifications, Eun Ah Choi, the exchange said that Valkyrie’s Bitcoin ETF shares have been certified for listing.
Valkyrie’s ETF application is due for approval on Oct. 25, but this could be extended until December. The SEC is currently reviewing bitcoin futures ETF applications from VanEck, ProShares, Invesco, and others.
Earlier in August Valkyrie submitted a draft prospectus for the same ETF for approval of the SEC. The Fund will provide exposure to bitcoin via the purchase of a number of bitcoin futures contracts and will not directly invest in bitcoin.
