The post A Green Light for Valkyrie: US SEC Accepts Spot Bitcoin ETF Application appeared first on Coinpedia Fintech News
In a pivotal development that could mark a significant milestone for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has given its nod to the recently submitted Valkyrie spot Bitcoin (BTC) exchange-traded-fund (ETF) application. With this acceptance, the SEC has initiated the public comment period, seeking valuable feedback before launching their official review process.
The Valkyrie Saga
Under the official filing dated July 17, the US SEC has accepted the Valkyrie spot Bitcoin ETF for a potential rule change that would allow it to be listed and traded under Nasdaq. Public comments are due within 21 days after publication in the Federal Register, post which the US SEC will embark on its review process.
The news sparked excitement in the crypto community, with Eric Balchunas, a senior ETF analyst at Bloomberg, sharing on Twitter that the
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