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In a groundbreaking move, Valkyrie, a major player in finance, is taking the lead in the ETF space by launching a new Bitcoin and Ether Exchange-Traded Fund (ETF) earlier than expected.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b1422f32ada84c1e85d590c296724ca9.gif" />They have submitted a Form 497 outlining their plan to transform their existing fund, $BTF, into this innovative dual ETF.Their goal is to beat 13 other competitors in the race for <a href="https://cryptosheadlines.com/bloomberg-analyst-mike-mcglone-on-blackrock-bitcoin-etf-btc-price-and-recession/" rel="noopener noreferrer nofollow">ETF dominance, as per Eric Balchunas, an ETF Analyst from Bloomberg</a>. The launch, originally scheduled for October 3rd, aims to redefine the landscape of <a href="https://cryptosheadlines.com/spanish-bank-launches-crypto-fund/" rel="noopener noreferrer nofollow">crypto funds</a>.In a calculated gamble, Valkyrie aims to redefine the trajectory of its current fund rather than creating a new entity. While this tactic has raised eyebrows, market experts speculate that sticking to the designated timeline may be inevitable. Drawing parallels with historical maneuvers, this strategy brings to mind the first pot ETF, $MJ, which successfully employed a similar approach to take the lead, as commented by Balchunas.<h2 id="header-0">Valkyrie’s Bold Move in the ETF Landscape</h2>In a noteworthy development, the Securities and Exchange Commission (SEC) recently <a href="https://cryptosheadlines.com/coinbase-litigation-impact-on-bitcoin-etf-approval-secs-next-move/" rel="noopener noreferrer nofollow">approved the assessment of Valkyrie’s second-spot Bitcoin ETF</a> submission. This comes shortly after the <a href="https://cryptosheadlines.com/sec-accepts-bitcoin-etf-application-from-blackrock/" rel="noopener noreferrer nofollow">SEC’s approval of BlackRock’s Bitcoin ETF application</a> on July 13th, signaling increased interest in ETF proposals from the regulatory body. <a href="https://cryptosheadlines.com/bloomberg-analyst-valkyrie-converts-filing-to-bitcoin-and-ethereum-etf/" rel="noopener noreferrer nofollow">Read More...</a>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>

Bloomberg Analyst: Valkyrie Converts Filing to Bitcoin and Ethereum ETF

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Alte articole publicate pe 5 aug. 2023

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