Valkyrie Investments has filed for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), according to a June 21 filing.
That filing describes the proposed investment as an exchange-traded fund (ETF) that will allow investors to purchase shares of a trust containing Bitcoin.
Like many other applicants, Valkyrie saw the SEC reject its previous application for a spot Bitcoin ETF because it failed to address concerns about oversight sharing agreements and market manipulation. That rejection took place in December 2021.
While the latest filing extensively discusses the above issues, it is unclear whether the filing satisfactorily addresses past SEC concerns or provides new information.
Other firms are applying for spot Bitcoin ETFs
Other asset managers including Invesco, WisdomTree and Bitwise have also applied for spot Bitcoin ETFs in recent days. Those filings follow a filing from industry giant BlackRock, which has generated a lot of hype.
Fidelity and Fidelity Digital Assets are also rumored to be pursuing a spot Bitcoin ETF, though those rumors have not been verified and the companies have not applied.
There is currently no spot Bitcoin ETF available to US investors.
The post Valkyrie Investments throws its hat in the ring for a Bitcoin ETF spot, joins BlackRock, Invesco, WisdomTree and Bitwise appeared first on CryptoSlate.
