The SEC issued a permit to launch the Valkyrie ETF

Valkyrie received permission to launch its own ETF fund. The SEC officials finally officially approved her application.

Valkyrie's application was filed under Form 19b-4 of the Securities Exchange Act, which went into effect as early as 1934. This document is currently used to regulate ETFs.

 

 

Recall that in April, another futures ETF launched by Teucrium was approved. And earlier, ProShares and VanEck received approval.

In other countries, the situation with futures funds is somewhat better. There are many such investment products launched in Canada, Europe and Latin America based on BTC futures contracts.

As far as spot funds are concerned, US regulators are holding off on approving such applications for the time being. While a recent Nasdaq poll found that:

  • many investors are interested;
  • having a spot BTC fund would seriously spur adoption of cryptocurrencies.

Some experts note that the approval of spot bitcoin ETFs by the SEC is possible no earlier than mid-2023. However, not everyone believes in this.

All in the same Nasdaq poll it is said that only 38% of financial advisers think that the commission will approve such an ETF, and 31% of those polled believe that this will not happen.

A new word in the environment of cryptocurrency exchanges is the Qmall platform.

CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.

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