The race for the spot Bitcoin ETF is at its peak, as Valkyrie has filed a registration with the US Securities and Exchange Commission (SEC) for its spot Bitcoin ETF. This move follows similar actions taken by several other applicants, including Fidelity, Grayscale, and VanEck, increasing the likelihood of multiple approvals early next week. The trend suggests that a milestone moment for the crypto sector in the US is drawing nearer.
Valkyrie’s Registration with the SEC
Valkyrie’s filing with the SEC is a crucial step in the race to launch the first Bitcoin ETF in the US. The company, which is part of a growing list of applicants seeking to issue a Spot Bitcoin ETF, has filed a registration statement on Form S-1 with the SEC. The filing includes details about the company’s proposed ETF, including its investment objectives, policies, and procedures. If approved, Valkyrie’s ETF would provide investors with exposure to the price of Bitcoin without having to buy and store the cryptocurrency directly.
Multiple Approvals Expected Soon?
Valkyrie’s filing is not an unknown incident. Fidelity, Grayscale, and VanEck have also filed registrations with the SEC for their respective Spot Bitcoin ETFs today. This trend suggests that multiple approvals could be announced early next week, paving the way for the launch of several new Spot Bitcoin ETFs in quick succession. The industry is expecting approvals to be announced between January 8th and 10th.