Ethereum

Bitcoin

James

<div class="cryptonews"> 
 <p class="is-style-lead">Asset manager Valkyrie Funds is gearing up to <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> its Bitcoin ETF.&nbsp; </p> 
 <p>In a recent tweet from James Seyffart, a research analyst with Bloomberg Intelligence, Valkyrie Funds updated its post-effective date for a leveraged Bitcoin Futures ETF. </p> 
 <p>This product’s initial filing was made on May 15, Seyffart noted. However, the asset management firm has set its sights on a revised Oct. 20 <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> date.</p> 
 <h3 class="wp-block-heading" id="valkyrie-jockeys-for-position">Valkyrie jockeys for position</h3> 
 <p>Valkyrie has thrown its hat into the ring alongside prominent asset management firms like BlackRock and Fidelity, all vying for approval to introduce a spot Bitcoin ETF. </p> 
 <p>This move signals a growing trend in the traditional financial sector, where established players are now eager to explore the potential of Bitcoin and other crypto assets</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Also NEW: @ValkyrieFunds updated their post-effective date for their leveraged #Bitcoin Futures ETF filing. They're expecting to <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> on October 20th. This thing was originally filed on May 15, 2023 and will actively manage the exposure from 100-200% long BTC. pic.twitter.com/7xv7P4tw9x</p>— James Seyffart (@JSeyff) September 22, 2023
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 <p>In June 2023, a Valkyrie subsidiary filed an updated spot ETF proposal. This revised proposal shifted the intended exchange to Nasdaq and updated the ticker to $BRRR. Valkyrie Investments already boasts a Bitcoin futures ETF product listed on Nasdaq.</p> 
 <p>In October 2021, Valkyrie made waves by <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ing a Bitcoin futures ETF on the Nasdaq exchange, making it the second entity in the United States to introduce a Bitcoin futures ETF.&nbsp;</p> 
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 </div> 
 <h3 class="wp-block-heading" id="institutional-interest-in-etfsgrowing">Institutional interest in ETFs&nbsp;growing</h3> 
 <p>Valkyrie is not alone in pursuing a crypto ETF approval in the U.S., as other established players, including Invesco, WisdomTree, and Direxion, are also in the race.</p> 
 <p>BlackRock, the world’s largest asset manager, has also entered the spot in the Bitcoin ETF race, underscoring BTC’s rising acceptance and institutional interest.&nbsp;</p> 
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 </div> 
 <p>However, Bitwise, a crypto index fund manager, recently backtracked compared to Valkyrie. Bloomberg reported on Sept. 22 that the firm has withdrawn its application to convert its Bitcoin futures fund to a Bitcoin and Ethereum futures fund. This move implies that Bitwise’s fund will continue to focus solely on Bitcoin exposure.</p> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Grayscale urges SEC to approve its spot Bitcoin ETF filing 
 </div> 
 <h3 class="wp-block-heading" id="gensler-still-not-supporting-crypto-etfs">Gensler still not supporting crypto ETFs</h3> 
 <p>U.S. Securities and Exchange Commission (SEC) chair Gary Gensler was recently questioned about approving cryptocurrency spot ETFs during a Senate Banking Committee hearing on Sept. 12. However, Gensler emphasized the need for vigilant oversight of the crypto space while failing to answer clearly on crypto spot ETF approvals.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> What is Bitcoin ETF and which companies applied for it in the US? 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/valkyrie-eyes-october-launch-for-bitcoin-futures-etf-tbt63843.html">https://thebittimes.com/valkyrie-eyes-october-launch-for-bitcoin-futures-etf-tbt63843.html</a></p>

Valkyrie eyes October launch for Bitcoin Futures ETF

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TheBitTimes

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