United

Bitcoin ETF

Spot

Valkyrie has filed an updated spot Bitcoin ETF prospectus, joining BlackRock, Fidelity, Ark Invest, and others seeking approval of the first spot Bitcoin ETF in the United States. The filing further indicates that the U.S. Securities and Exchange Commission (SEC) is in constructive talks with the issuers to consider approving a spot Bitcoin ETF. 
<h2 id="valkyrie-files-updated-spot-bitcoin-etf-application">Valkyrie Files Updated Spot Bitcoin ETF Application</h2> 
Bloomberg analyst James Seyffart in a <a rel="nofollow" href="https://twitter.com/JSeyff/status/1719104512323969367" target="_blank">post</a> on X revealed that asset management firm Valkyrie has updated its spot Bitcoin ETF as per the requirement of the U.S. SEC, similar to amendment by other spot Bitcoin ETF applicants. 
<blockquote>
 “Valkyrie Funds joins the prospectus amendment train for their spot Bitcoin ETF. Things still moving behind the scenes.”
</blockquote> 
Spot Bitcoin ETF issuers including BlackRock, Ark Invest, and VanEck recently submitted updated prospectus with the SEC about risk disclosures, new language, seeding, and further context. <a href="https://coingape.com/bitcoin-etf-vaneck-to-seed-its-etf-product-with-btc/" target="_blank" rel="noopener">VanEck highlighted plans</a> to seed the BTC ETF with funds domiciled in physical BTC. 
Bloomberg’s analysts further raised the odds of <a href="https://coingape.com/odds-of-spot-bitcoin-etf-approval-by-us-sec-rises-above-90-bloomberg/" target="_blank" rel="noopener">spot Bitcoin ETF approval to 90%</a>. It followed after <a href="https://coingape.com/why-ark-invests-updated-bitcoin-etf-filing-is-bullish-for-btc-price/" target="_blank" rel="noopener">Ark Invest and 21Shares updated</a> the Bitcoin ETF prospectus as a result of constructive talks with the U.S. SEC. 
Also Read: <a title="Pro-XRP Lawyer Shares Exciting Development With XRP Army" href="https://coingape.com/xrp-lawyer-shares-exciting-development-with-ripple-community/" target="_blank" rel="bookmark noopener">Pro-XRP Lawyer Shares Exciting Development With XRP Army</a> 
<h2 id="us-sec-s-crucial-meeting-on-november-2">US SEC’s Crucial Meeting on November 2</h2> 
Meanwhile, attorney Scott Johnsson shared that the SEC will have its first closed meeting of the commissioners on November 2, since the Grayscale appeal deadline expired. The agenda includes resolving litigation claims and admin proceedings. 
Despite interest from the investors, it’s unclear if the SEC will upload comments or further amendments in response to recent changes to various spot Bitcoin ETF filings. 
However, the SEC v. Ripple Labs will be likely discussed in the meeting, with the court’s <a href="https://coingape.com/xrp-lawsuit-judge-torres-terminates-ripple-vs-sec-hearings-orders-new-deadline/" target="_blank" rel="noopener">November 9 deadline</a> looms for SEC and Ripple to jointly propose a briefing schedule. 
Also Read: <a title="Sam Bankman-Fried’s Attorneys Submit Jury Instructions In Hopes Of “Not Guilty” Verdict" href="https://coingape.com/sam-bankman-fried-attorneys-submit-jury-instructions/" target="_blank" rel="bookmark noopener">Sam Bankman-Fried’s Attorneys Submit Jury Instructions In Hopes Of “Not Guilty” Verdict</a> 
The post <a rel="nofollow" href="https://coingape.com/valkyrie-updates-spot-bitcoin-etf-prospectus-with-us-sec/">Breaking: Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Breaking: Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC

Table of Contents

Coingape News Media

Other articles published on Oct 31, 2023

Gensler's Satoshi Joke Sparks Fiery Response from Ripple's Legal Ace

Rumor: Market Makers in Talks to Provide Liquidity to BlackRock’s Bitcoin Spot ETF

Bitcoin Stands Tall: Will Ripple (XRP), Polygon (MATIC), And Polkadot (DOT) Follow Or Forge Ahead?

Bitcoin futures data highlight investors’ bullish view, but there’s a catch

Is a Spot Bitcoin ETF Approval Close? Lawyer Hints a Possibility

The Challenge of AI Document Translations to Understanding Reader Responses

Join our free newsletter for daily crypto updates!