Bitcoin ETF

Bitcoin

<p><strong>Valkyrie Investments has just updated their filing for a bitcoin ETF, in a potential sign of progress for a spot bitcoin exchange-traded fund (ETF). </strong></p>
<p>This update comes after months of conversations between Valkyrie and the Securities and Exchange Commission (SEC), suggesting the regulatory agency is working closely with applicants to improve their filings, as <a href="https://x.com/rovercrc/status/1719267352162730299?s=20" target="_blank" rel="noopener noreferrer nofollow">reported</a> by Crypto Rover on X (Twitter).</p>
<p>The crypto market has been eagerly awaiting the approval of a spot bitcoin ETF, which many believe could significantly drive institutional adoption and positive price action. While the SEC has rejected over a dozen bitcoin ETF applications so far, their willingness to provide feedback and allow applicants to amend their filings points to a change in attitude.</p>
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<p><em>“The latest update to the Valkyrie filing shows the SEC is no longer stonewalling bitcoin ETF applications, but rather engaging with applicants in a collaborative way,”</em> said crypto analyst Petar Jovanović and CaptainAltcoin’s Head of Content <em>“This gives me optimism that we could see the first approval later this year or early next.”</em></p>
<p>In addition to Valkyrie, several other high-profile asset managers have bitcoin ETF applications under review, including Fidelity and Grayscale. The SEC has been clear that any approved ETF would need to have robust surveillance-sharing agreements in place with regulated bitcoin exchanges. However, their guidance and cooperation makes it appear these structural issues are solvable.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/new-evidence-shows-sec-collaborating-with-bitcoin-etf-applicants/">New Evidence Shows SEC Collaborating with Bitcoin ETF Applicants</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

New Evidence Shows SEC Collaborating with Bitcoin ETF Applicants

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