1 year ago
The SEC has accepted for reappraisal the Valkyrie spot Bitcoin ETF filing named “BRRR,” which is simply a notation to a fashionable meme successful the Bitcoin community.
The United States’ Securities and Exchange Commission (SEC) has accepted Valkyrie’s Bitcoin (BTC) exchange-traded money (ETF) connection for authoritative review.
According to information from the SEC’s Nasdaq rulemaking list, Valkyrie’s connection for its spot Bitcoin ETF entered the authoritative docket connected July 17.
Valkyrie’s listing connected the docket is the 2nd spot Bitcoin ETF connection being considered by the SEC. It came conscionable a fewer days aft the SEC published BlackRock’s spot Bitcoin ETF proposal connected July 13.
Spot Bitcoin ETF proposals for listing connected Nasdaq. Source: SECThe filing is Valkyrie’s 2nd effort to motorboat a spot Bitcoin ETF successful the United States. The household concern money antecedently proposed listing the Valkyrie Bitcoin Trust connected the New York Stock Exchange successful January 2021. In effect to regulatory pushback from the SEC, Valkyrie was inactive capable to motorboat a futures-based Bitcoin ETF successful October 2021.
In an attached notice, SEC lawman caput Matthew DeLesDernier mentioned that Nasdaq refiled for a projected regularisation change allowing the listing of a spot Bitcoin ETF by Valkyrie connected July 3.
“The spot volition lone clasp Bitcoin, and will, from clip to time, contented baskets successful speech for deposits of Bitcoins and to administer Bitcoins successful transportation with redemptions of baskets,” DeLesDernier noted successful the statement.
Related: BlackRock Bitcoin ETF could unlock $30 trillion worthy of wealth, Bloomberg expert says
According to the SEC data, the nationalist tin taxable their feedback connected the Valkyrie’s spot Bitcoin ETF connection during the 21-day remark period, oregon until Aug. 7. However, the SEC inactive has up to 45 days from the clip of work of the announcement successful the Federal Register, oregon wrong a longer play up to 90 days to o.k. oregon disapprove the regularisation change, DeLesDernier wrote.
Valkyrie’s latest Bitcoin ETF connection was filed successful precocious June 2023, amid optimism astir BlackRock’s spot BTC ETF filing. Valkyrie projected to database the ETF nether the ticker awesome “BRRR,” referencing a fashionable Bitcoin assemblage meme that represents the dependable of printing money.
#Bitcoin ETF spell $BRRR https://t.co/amAyDryTxf
— Bhut Head ️ (@bhut_head) July 18, 2023The renewed optimism implicit spot Bitcoin ETFs has been fueled by BlackRock refiling for its spot BTC ETF connected June 29. Previously, ARK Investment Management besides filed an application for a spot Bitcoin ETF successful April, which became its 3rd effort get specified a merchandise approved by the SEC.
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