Buy $GGsBreaking: Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC
Valkyrie has filed an updated spot Bitcoin ETF prospectus, joining BlackRock, Fidelity, Ark Invest, and others seeking approval of the first spot Bitcoin ETF in the United States. The filing further indicates that the U.S. Securities and Exchange Commission (SEC) is in constructive talks with the issuers to consider approving a spot Bitcoin ETF.
Valkyrie Files Updated Spot Bitcoin ETF Application
Bloomberg analyst James Seyffart in a post on X revealed that asset management firm Valkyrie has updated its spot Bitcoin ETF as per the requirement of the U.S. SEC, similar to amendment by other spot Bitcoin ETF applicants.
“Valkyrie Funds joins the prospectus amendment train for their spot Bitcoin ETF. Things still moving behind the scenes.”
Spot Bitcoin ETF issuers including BlackRock, Ark Invest, and VanEck recently submitted updated prospectus with the SEC about risk disclosures, new language, seeding, and further context. VanEck highlighted plans to seed the BTC ETF with funds domiciled in physical BTC.
Bloomberg’s analysts further raised the odds of spot Bitcoin ETF approval to 90%. It followed after Ark Invest and 21Shares updated the Bitcoin ETF prospectus as a result of constructive talks with the U.S. SEC.
Also Read: Pro-XRP Lawyer Shares Exciting Development With XRP Army
US SEC’s Crucial Meeting on November 2
Meanwhile, attorney Scott Johnsson shared that the SEC will have its first closed meeting of the commissioners on November 2, since the Grayscale appeal deadline expired. The agenda includes resolving litigation claims and admin proceedings.
Despite interest from the investors, it’s unclear if the SEC will upload comments or further amendments in response to recent changes to various spot Bitcoin ETF filings.
However, the SEC v. Ripple Labs will be likely discussed in the meeting, with the court’s November 9 deadline looms for SEC and Ripple to jointly propose a briefing schedule.
Also Read: Sam Bankman-Fried’s Attorneys Submit Jury Instructions In Hopes Of “Not Guilty” Verdict
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: Morgan Stanley Applies For Crypto-Focused National Trust Bank With OCC
- Ripple Could Gain Access to U.S. Banking System as OCC Expands Trust Bank Services
- $2T Barclays Explores Blockchain For Stablecoin Payments and Tokenized Deposits
- Breaking: U.S. PPI Inflation Rises To 2.9%, BTC Price Falls
- XRP News: Ripple-Backed Ctrl Alt Completes $280M in Diamond Tokenization on XRPL
- Top Analyst Predicts Pi Network Price Bottom, Flags Key Catalysts
- Will Ethereum Price Hold $1,900 Level After Five Weeks of $563M ETF Selling?
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
- XRP Price Outlook As Jane Street Lawsuit Sparks Shift in Morning Sell-Off Trend
- Dogecoin, Cardano, and Chainlink Price Prediction As Crypto Market Rebounds
