The US SEC has acknowledged Valkyrie’s spot Bitcoin ETF application, following the acceptance of BlackRock’s spot Bitcoin ETF application.
The US SEC has accepted Valkyrie’s recently filed spot Bitcoin (BTC) ETF applications and has initiated a public comment period to gather feedback before conducting its official review. This is the final application acknowledged by the SEC as it progresses through its lengthy review process.
SEC Approves Valkyrie Bitcoin ETF
On July 17, the US SEC accepted Valkyrie’s spot Bitcoin ETF for a proposed rule change to be listed and traded on Nasdaq. The public has 21 days from publication in the Federal Register to submit comments. Following this period, the official review process by the SEC will commence.
Bloomberg’s senior ETF analyst, Eric Balchunas, confirmed on Twitter that the US SEC has accepted Valkyrie’s spot Bitcoin ETF application. Valkyrie was the final applicant among a series of spot Bitcoin ETF applications. Additionally, the ETF has selected the ticker “BRRR” for listing on Nasdaq.
The US SEC has accepted spot Bitcoin ETF applications from BlackRock, Fidelity Investments, WisdomTree, VanEck, Invesco, and ARK 21Shares. This indicates the regulator’s serious consideration of these applications, and if approved, a spot Bitcoin ETF would be a significant victory for the crypto market.
Spot Bitcoin ETF Approval Could Boost BTC Price
Bitcoin price began rallying following BlackRock’s spot Bitcoin filing, which triggered a series of spot Bitcoin ETF filings. The price surpassed the 30,000 level and is currently holding above it as investors anticipate news regarding Bitcoin ETF filings.
BTC price dropped 1% in the last 24 hours, trading close to the $30,000 level. The 24-hour low and high were $29,685 and $30,330, respectively. Additionally, trading volume increased by 68%, indicating heightened interest among traders.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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