Valkyrie Seeks SEC Approval for Bitcoin ETF Registration

• Valkyrie Lodges Spot Bitcoin ETF Registration with the US SEC
• Valkyrie Files Critical Registration with SEC Ahead of Spot Bitcoin ETF Decision
• Impact on the Industry and Role of Firms

Valkyrie Lodges Spot Bitcoin ETF Registration with the US SEC

In tune with similar ongoing processes, Valkyrie has lodged a securities registration with the US Securities and Exchange Commission (SEC) for its anticipated Spot Bitcoin$42,260 -0.64% ETF. This action mirrors a trend, as other entities such as Fidelity, Grayscale, and VanEck have also done the same. This registration, made official today, raises the probability of multiple approvals being granted early in the upcoming week. Valkyrie is among a number of hopefuls aiming to roll out the first Spot Bitcoin ETF in the United States.

Valkyrie Files Critical Registration with SEC Ahead of Spot Bitcoin ETF Decision

Over the past several months, the potential green-lighting of a Spot Bitcoin ETF in the United States has stirred the market. Indeed, a plethora of applicant companies are eager to issue this landmark investment product for the sector in the country. Despite whispers of potential disapproval, a number of filings today seem to suggest an entirely different outcome.

At present, Valkyrie has lodged a securities registration with the SEC for its impending Spot Bitcoin ETF. This move should be a signal for a wave of approvals to occur next week. Additionally, it has been echoed by other issuers, such as Fidelity, Grayscale, and VanEck. It is anticipated that several other likely issuers will make similar filings in the days ahead.

Impact on the Industry and Role of Firms

The industry forecasts such approvals to become public between January 8th and the 10th. Also, various firms are already showing interest to be a part of the approved ETFs. Among these firms is the renowned Goldman Sachs. The financial institution is particularly interested in the pivotal role of AP for Grayscale and BlackRock ETFs.

Even though nothing is official as of yet, the week has been marked by positive strides. Meetings between the SEC and exchanges such as Nasdaq, the New York Stock Exchange, and Cboe also reinforce this positive sentiment. The current trajectory appears to align with broader industry expectations, with approval potentially arriving as early as Monday.

Edited by Jonathan Stoker