Crypto asset manager Valkyrie amends spot Bitcoin ETF filing

Digital plus manager Valkyrie Investments is the latest steadfast to amend the spot Bitcoin (BTC) exchange-traded money (ETF) filing with the United States securities regulators.

Valkyrie connected Oct. 30 filed an updated spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), according to the SEC database.

The updated signifier S-1 registration connection for the Valkyrie Bitcoin Fund aims to connection investors an accidental to put successful communal shares backed by Bitcoin. The shares correspond units of fractional undivided beneficial involvement and ownership of the spot and are expected to beryllium traded nether the ticker awesome “BRRR” connected the Nasdaq Stock Market.

“The accusation successful this prospectus is not implicit and whitethorn beryllium changed,” Valkyrie stated successful the filing, adding that the steadfast is not allowed to merchantability BRRR securities until the registration connection is effective.

The amended filing comes astir a period aft the SEC delayed its determination connected the Valkyrie Bitcoin Fund successful precocious September.

Valkyrie’s updated spot Bitcoin ETF joins astatine slightest six different precocious amended spot BTC ETF filings made by Bitwise, BlackRock, Fidelity, Grayscale, VanEck and ARK Invest.

Related: Are Bitcoin ETFs headed for 1 epic Gensler ‘rugpull?’ Analysts measurement in

According to online crypto ETF analysts, the ongoing Bitcoin ETF amendments could beryllium translated arsenic a “good sign” of advancement and impending approvals. Valkyrie’s latest spot Bitcoin ETF update is yet different grounds of question happening down the scenes, Bloomberg ETF expert James Seyffart believes.

UPDATE: @ValkyrieFunds joins the prospectus amendment bid for their spot #Bitcoin ETF. Things inactive moving down the scenes. pic.twitter.com/z5WAvZtFwE

Following the caller amendments, astatine slightest 5 of the remainder known spot Bitcoin ETF filers person not updated their filings, including firms similar WisdomTree, Invesco & Galaxy, Global X, Hashdex and Franklin Templeton.

The SEC presently has 8 to 10 filings of imaginable spot Bitcoin ETFs waiting for the regulator’s consideration, SEC president Gary Gensler reportedly said successful precocious October.

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