Valkyrie Joins Blackrock In Refiling Bitcoin ETF Application

Crypto Market News: Valkyrie Investments, a specialized alternative asset management firm that is associated with the crypto market, joined BlackRock in refiling the application for a Bitcoin based exchange traded fund (ETF). Earlier, BlackRock, the world’s largest asset manager, refiled an application with details on surveillance sharing agreements (SSA). Already, other Bitcoin ETF seekers like Invesco, VanEck, Fidelity Investments, 21Shares and WisdomTree have already refiled with similar amendments. In the recent times, a surge is Bitcoin price was largely due to the interest from these mainstream financial giants.

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This brings an end to the wait for all the major Bitcoin ETF filers in recent times to reflile their application. Valkyrie is an important fund in the crypto space, with a Bitcoin futures ETF launched in 2021.

Valkyrie Bitcoin ETF Refiling

According to a Bloomberg report, the Valyrie filing made changes to show US based crypto exchange Coinbase as the partner that provides surveillance, as required by the US SEC. If approved by the SEC, the Valkyrie ETF would list on Nasdaq, the filing said. The investment management firm reportedly executed a term sheet with Coinbase on June 30, 2023 to enter into a surveillance sharing agreement.

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Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at [email protected] or twitter.com/BitcoinReddy

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.