BREAKING: Nasdaq Listing Indicates SEC Will Soon Approve Valkyrie’s ETF

The US Securities and Exchange Commission is very likely to approve Valkyrie’s Bitcoin ETF application soon. The ETF will be listed on the Nasdaq exchange.

A Bitcoin ETF Is Coming On The Nasdaq

According to a SEC report, the agency has filed the request for registration for shares of Valkyrie’s Bitcoin Strategy ETF for listing on Nasdaq accepted. In a letter from Nasdaq Vice President Eun Ah Choi, it became clear that Valkkyrie’s Bitcoin ETF is certified.

In the Aug. 11 filing, Valkyrie said its Bitcoin Strategy ETF would provide indirect exposure to the crypto assets with cash-settled futures contracts. The contracts will be purchased using a Cayman Islands-based subsidiary wholly owned by the fund with exchanges registered with the U.S. Commodity Futures Trading Commission.

The deadline for the SEC to officially approve Valkyrie’s ETF filing is October 25, but it could be extended to December. The federal agency is currently considering applications for Bitcoin futures ETFs from VanEck, ProShares, Invesco and others.

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