Valkyrie Funds has updated the application for the launch of bitcoin-ETF

ProShares Bitcoin ETF Weekly Flow Hits Record In 2023
ProShares Bitcoin ETF Weekly Flow Hits Record In 2023

Nasdaq sent SEC revised application to launch a digital gold-based spot exchange-traded fund on behalf of Valkyrie Funds. Added to the document is Coinbase as a partner in a so-called joint oversight agreement.

This mechanism has been a key addition to BlackRock’s offering.

After the Commission criticized his details, Nasdaq, on behalf of the management company, filed a re-application with recommendations. Similarly, Invesco, VanEck, 21Shares, WisdomTree and Fidelity did the same, the documents of which also did not take into account this specificity.

Valkyrie, who originally submitted the offer after the competition, was the last to react. The original option involved listing on Nasdaq and tracking the effective value of the asset on the index CME CF.

Recall, according to Bernstein analysts, the regulator will not be able to maintain a negative position in relation to spot ETFs based on the first cryptocurrency for a long time.

Circle CEO Jeremy Allaire predicted that the recent spate of applications to launch digital gold-based spot exchange-traded funds would lead to SEC approval.

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