Valkyrie Digital Belongings refiled its utility for a spot bitcoin change traded fund (ETF) with the U.S. Securities and Change Fee, becoming a member of asset managers together with BlackRock and Constancy in taking one other stab on the course of.
The Tennessee-based asset supervisor filed a brand new 19b-4 paper saying crypto change Coinbase would act because the companion for a so-called surveillance-sharing settlement, which is meant to assist stop market manipulation and has been a key a part of all ETF functions prior to now month.
The Wednesday submitting says Nasdaq, the change Valkyrie would use to checklist the ETF, “executed a time period sheet” with Coinbase, which Valkyrie stated is the “largest United States-based spot buying and selling platform for Bitcoin.”
BlackRock and Constancy filed renewed paperwork final week.
The asset supervisor first filed an utility in January 2021. It refiled paperwork with the SEC on June 21, naming Nasdaq as its chosen change and altering its ticker image to $BRRR. Valkyrie already has a bitcoin futures ETF listed on the change. That was accredited in Could 2022.