Valkyrie Investments throws its hat in the ring for a spot Bitcoin ETF, joining BlackRock, Invesco, WisdomTree, and Bitwise

Valkyrie Investments has filed for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), according to a June 21 filing.

That filing describes the proposed investment as an exchange-traded fund (ETF) that allows investors to purchase shares of a trust containing Bitcoin.

Like many other applicants, Valkyrie saw the SEC reject its previous application for a spot Bitcoin ETF as it failed to satisfy concerns about surveillance-sharing agreements and market manipulation. That rejection took place in December 2021.

Though the latest filing discusses the above issues at length, it is unclear whether the filing sufficiently addresses the SEC’s past concerns or provides new information.

Other firms file for spot Bitcoin ETFs

Other asset management companies, including Invesco, WisdomTree, and Bitwise have also filed for spot Bitcoin ETFs in recent days. Those filings follow an application from the industry giant BlackRock, which has generated plenty of hype.

Fidelity and Fidelity Digital Assets are also rumored to be pursuing a spot Bitcoin ETF, though those rumors are not verified, and the companies have made no filing.

There is currently no spot Bitcoin ETF available to U.S. investors.

The post Valkyrie Investments throws its hat in the ring for a spot Bitcoin ETF, joining BlackRock, Invesco, WisdomTree, and Bitwise appeared first on CryptoSlate.

Credit: Source link