SEC accepts Valkyrie Digital Assets Bitcoin ETF application for review

The regulatory body gave the go-ahead to review asset manager Valkyrie’s filing for a spot Bitcoin exchange-traded fund

The US Securities and Exchange Commission (SEC) has accepted a spot Bitcoin (BTC) exchange-traded fund (ETF) application for review from the financial services firm Valkyrie Digital Assets.

The move marks the regulatory body’s second accepted application for review of a BTC ETF in the space of one week.

On Monday 17, the SEC announced its official acceptance of investment giant BlackRock’s ETF application for review.

The regulatory body also confirmed the addition of Fidelity, Invesco Galaxy, WisdowmTree and VanEck to its official docket.

Valkyrie’s proposal listing on the SEC’s official calendar has initiated the ‘comment period’ which is one of several steps in the regulatory process.

During this period, the public and other institutions are able to submit their opinions on the ETF and comment on factors such as the potential impact on the market – good or bad – the topic of investor measures, and other factors in which the ETF could help or hinder the industry.

The comment period will last for 21 days from the date of Valkyrie’s filing in the Federal Register. 

Thereafter, the SEC will then evaluate the ETF proposal, along with the additional information from the comment and the applications before making its decision. 

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Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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