The U.S. Securities and Exchange Commission (SEC) has formally accepted the spot bitcoin ETF application filed by asset manager Valkyrie. The move, which opens the door to an official review process, follows last week’s acknowledgment of Blackrock’s bitcoin ETF application.
U.S. SEC to Review Valkyrie’s Bitcoin ETF Application, Expects Public Feedback
The United States’ securities regulator has given the nod to an official review of the spot bitcoin exchange-traded fund (ETF) application submitted by financial services company Valkyrie. The application was added to the government agency’s docket on Monday, July 17.
The listing on the SEC’s calendar comes after this past Thursday the Commission acknowledged a similar application by Blackrock, the world’s largest asset management firm. Public comments on the proposal will be accepted for 21 days after publication in the Federal Register.
Industry players are competing to launch a spot bitcoin ETF in the U.S., including Bit
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