Nasdaq itemizing hints that the SEC could quickly approve ETF utility from Valkyrie

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The U.S. Securities and Trade Fee, or SEC, could quickly approve an utility from crypto asset supervisor Valkyrie for a Bitcoin Technique exchange-traded fund, with the shares to be listed on the Nasdaq Inventory Market.

Based on an Oct. 15 discover from the SEC, the company has accepted the registration of shares of Valkyrie’s Bitcoin Technique exchange-traded fund, or ETF, for itemizing on the Nasdaq. In a letter from Nasdaq vice chairman of itemizing {qualifications} Eun Ah Choi filed the identical day, the change mentioned Valkyrie’s Bitcoin ETF shares had been licensed.

Associated: New tickers and ARK submitting exhibits Bitcoin futures ETF approval imminent: Analyst

In its Aug. 11 prospectus with the SEC, Valkyrie mentioned its Bitcoin (BTC) Technique ETF would provide oblique publicity to the crypto asset with cash-settled futures contracts. The contracts can be bought utilizing a Cayman Island-based subsidiary wholly owned by the fund with exchanges registered with the U.S. Commodity Futures Buying and selling Fee.

This story is creating and could also be up to date.