Nasdaq listing tips that the SEC might quickly authorize ETF application from Valkyrie

Nasdaq listing tips that the SEC might quickly authorize ETF application from Valkyrie

The U.S. Securities and Exchange Commission, or SEC, might quickly authorize an application from crypto possession supervisor Valkyrie for a Bitcoin Method exchange-traded fund, with the shares to be noted on the Nasdaq Stock Exchange.

According to an Oct. 15 notification from the SEC, the firm has actually accepted the registration of shares of Valkyrie’s Bitcoin Method exchange-traded fund, or ETF, for noting on the Nasdaq. In a letter from Nasdaq vice president of noting certifications Eun Ah Choi submitted the very same day, the exchange stated Valkyrie’s Bitcoin ETF shares had actually been licensed.

Related: New tickers and ARK filing reveals Bitcoin futures ETF approval impending: Expert

In its Aug. 11 prospectus with the SEC, Valkyrie stated its Bitcoin (BTC) Method ETF would use indirect direct exposure to the crypto possession with cash-settled futures agreements. The agreements will be acquired utilizing a Cayman Island-based subsidiary entirely owned by the fund with exchanges signed up with the U.S. Product Futures Trading Commission.

This story is establishing and might be upgraded.


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