Valkyrie Funds Files Amended Prospectus for Bitcoin Spot ETF
Valkyrie Funds has submitted an updated amendment prospectus for a Bitcoin spot ETF, joining the growing list of applicants awaiting approval from the SEC. This move aligns with similar amendments made by other spot Bitcoin ETF applicants, as reported by Bloomberg analyst James Seyffart on Twitter. The updated prospectus meets the requirements set by the SEC.
SEC’s Closed-Door Meeting on November 2
The SEC is planning a closed-door meeting to discuss Grayscale’s application for a spot Bitcoin ETF, following a mandate from the U.S. Court of Appeals to review the decision. This meeting is expected to be crucial, which may explain why Valkyrie submitted their updated spot BTF application.
According to Scott Johnsson, the meeting’s agenda includes resolving litigation claims and administrative proceedings. The October 13 deadline has already set a time-bound approval process for the first-ever spot Bitcoin ETF in the U.S.
Hot Take: The Future of Crypto Investments Hangs on SEC Decisions
The upcoming closed-door meeting by the SEC on November 2 and Valkyrie Funds’ updated amendment prospectus reflect the anticipation and excitement within the crypto industry regarding Bitcoin spot ETF approval. The decisions made during these discussions will undoubtedly shape the future of cryptocurrency investments. Investors eagerly await regulatory clearance, hoping it will pave the way for broader adoption and mainstream recognition of digital assets.
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