SEC Approves Valkyrie Bitcoin Futures ETF
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer SEC Approves Valkyrie Bitcoin Futures ETF
The US Securities and Exchange Commission has approved another proposal regarding the Bitcoin ETF for futures.
According for the official document As published, Valkyrie’s XBTO Bitcoin futures fund is the latest product to be approved by the US Securities and Exchange Commission (SEC).
The Valkyrie XBTO Bitcoin Futures Fund was first introduced in August 2021.
But the launch date has not been revealed.
Unlike its counterparts in Canada, Europe and Latin America, the US regulator has refrained from approving any spot bitcoin ETF, citing that the bitcoin market lacks monitoring and may be vulnerable to manipulation.
Bloomberg analyst James Seifart noted that the latest approval, whose file falls under the Securities Act of 1933, may pave the way for the much-anticipated immediate ETF.Read:Ghana begins experimenting with central bank digital currency
In March, the SEC rejected two proposals:
NYDIG Bitcoin ETF and Global X Bitcoin Trust
The two aims to list and trade bitcoin exchange-traded funds (ETFs).
Earlier, Grayscale CEO Michael Sonninchin confirmed that his company has all options on the table when it comes to fighting for immediate Bitcoin ETF approval which may also include taking legal action against the SEC.
In a recent interview with Anthony Pompliano, a Bitcoin supporter, Sonninchin said that approval of the spot Bitcoin ETF is still only a matter of time, not a question of whether or not it will be, quoting his statement:
It’s hard to put a time frame for that.
We will continue to defend our investors until this approval is obtained.
In the five or six years that we’ve been dealing with the SEC and regulators in general, a lot has changed.
Let’s remember that, they have a difficult task.
It’s hard as a regulator to set up really good regulations when the industry and the asset class it’s under keeps changing.Read:The Secret Behind Coinbene’s Cryptocurrency Trading Volume Overtaken Binance
Bitcoin adoption is expanding: house sale in Portugal for 3 bitcoins and no euro conversion
OpenSea’s Discord channel hacked, hackers are promoting NFT scams through it
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time