The U.S. Securities and Exchange Commission (SEC) may soon approve the Bitcoin application of the crypto asset management company Valkyrie (Bitcoin) Exchange-traded funds or ETFs, whose stocks will be listed on the Nasdaq stock market.
According to the notice of the U.S. Securities and Exchange Commission on October 15, the institution has accepted Valkyrie’s Bitcoin strategy ETF is registered on the Nasdaq.In a letter from the vice president of NASDAQ listing qualifications, Eun Ah Choi-submitted on the same day-the exchange Said Valkyrie’s Bitcoin ETF stock has been certified.
Valkyrie stated in its prospectus with the US Securities and Exchange Commission on August 11 that its Bitcoin strategy ETF will provide Indirect exposure to crypto assets A cash-settled futures contract. These contracts will be purchased on exchanges registered with the U.S. Commodity Futures Trading Commission using the Cayman Islands subsidiary, which is wholly-owned by the fund.
The deadline for the US Securities and Exchange Commission to officially approve Valkyrie’s ETF application is October 25, but this may be extended to December 8. Federal agencies are currently considering applications for Bitcoin futures ETFs from VanEck, ProShares, Invesco and other companies.