Valkyrie Submits Securities Registration to SEC for Bitcoin ETF

The competition to secure a Bitcoin ETF spot is reaching its peak, as Valkyrie has submitted a registration to the US Securities and Exchange Commission (SEC) for its spot Bitcoin ETF. This move mirrors the actions taken by other applicants such as Fidelity, Grayscale, and VanEck, which increases the chances of multiple approvals in the coming week. This trend indicates that a significant moment for the US crypto sector is approaching.

Valkyrie’s Registration with the SEC

Valkyrie’s submission to the SEC is a crucial step in the race to launch the first Bitcoin ETF in the US. As part of a growing list of applicants vying to issue a Spot Bitcoin ETF, Valkyrie has filed a registration statement on Form S-1 with the SEC. The filing provides comprehensive information about Valkyrie’s proposed ETF, including its investment objectives, policies, and procedures. If approved, Valkyrie’s ETF would enable investors to gain exposure to Bitcoin’s price without the need to directly purchase and store the cryptocurrency.

Anticipated Approval of Multiple ETFs

Valkyrie’s filing is not an isolated event. Fidelity, Grayscale, and VanEck have also submitted registrations to the SEC for their respective Spot Bitcoin ETFs. This trend suggests that multiple approvals could be announced in the early days of next week, paving the way for the rapid launch of several new Spot Bitcoin ETFs. The industry expects these approvals to be announced between January 8th and 10th.

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Bitcoin ETF