Valkyrie and ARK 21Shares have recently submitted filings for spot Bitcoin ETFs, joining the list of contenders seeking approval from the U.S. Securities and Exchange Commission (SEC).
Filings for Spot Bitcoin ETFs
Valkyrie and ARK 21Shares have filed for 8-A registration of securities for a spot Bitcoin ETF with the SEC on Jan. 4, following the footsteps of Grayscale and VanEck earlier today and Fidelity, who filed yesterday.
Solid Chance of Approvals
Valkyrie and ARK 21Shares’s official filings today suggest a solid chance of approvals being pushed through imminently as the two companies compete for the first spot Bitcoin ETF in the United States.
Potential Approval of a U.S. Spot Bitcoin ETF
Despite speculation about possible rejections, Valkyrie and ARK 21Shares filings, among others, indicate a different story. The market is buzzing about the potential approval of a U.S. spot Bitcoin ETF.
Hopes for Approvals Between Jan. 8 – 10
The cryptocurrency industry is hoping for approvals to roll out between Jan. 8 – 10. Major players like Goldman Sachs are already positioning themselves for key roles in Grayscale and BlackRock ETFs.
Bullish Sentiment and Optimism
While nothing is set in stone, this week has shown bullish sentiment regarding the immediate possibility of a spot Bitcoin ETF approval. SEC meetings with exchanges such as Nasdaq, NYSE, and CBOE further fuel optimism, hinting at potential approvals as early as Monday.
Hot Take: Increased Momentum for Spot Bitcoin ETF Approvals
The recent filings by Valkyrie and ARK 21Shares, along with other contenders, have added momentum to the push for spot Bitcoin ETF approvals from the SEC. With several major players vying for the first spot Bitcoin ETF in the United States, there is growing anticipation surrounding the potential approval of these investment vehicles.
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