Nasdaq’s vice president of listing qualifications: Valkyrie’s Bitcoin ETF had been certified

According to an October 15 notice from the United States Securities and Exchange Commission (SEC), they have accepted the submission of shares of Valkyrie’s Bitcoin Strategy ETF for listing on Nasdaq.


Source: SEC

Nasdaq listing hints that the SEC may soon approve Bitcoin Strategy ETF from Valkyrie

Nasdaq’s vice president of listing qualifications, Eun Ah Choi, said shares of Valkyrie’s Bitcoin ETF had been certified for listing on the exchange. As such, the SEC may soon approve an application from crypto asset manager Valkyrie for a Bitcoin ETF.

In an August 11 prospectus with the SEC, Valkyrie said its Bitcoin Strategy ETF will provide indirect exposure to crypto-assets with cash-settled futures contracts. The contracts will be purchased using a wholly fund-owned Cayman Islands-based subsidiary with exchanges registered with the US Commodity Futures Trading Commission (CFTC).

Valkyrie also filed for a spot Bitcoin ETF under the 1933 Securities Act in April. However, the new filing comes one week after SEC Chairman Gary Gensler suggested he may be open to approving exchange-traded products exposed to regulated BTC futures contracts under the Investment Company Act of 1940.

The deadline for the SEC to officially approve Valkyrie’s ETF application is October 25, but this could be extended to December 8. The federal agency is currently reviewing Bitcoin futures ETF applications. from VanEck, ProShares, Invesco, and others.


BTC/USD 4-hour chart | Source: TradingView

After this news, at the time of writing, BTC is changing hands at $61,287, up to 7% in the last 24 hours.

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