Bitcoin Spot ETF race gets even more competitive as…

Valkyrie, an institutional fund, has been accepted by the SEC for an official review of its ETF proposal.

Valkyrie’s current filing is their second attempt to launch a spot Bitcoin ETF in the United States, having previously proposed listing the Valkyrie Bitcoin Trust on the New York Stock Exchange in January 2021. The SEC has set a deadline of 21 days from the date of filing in the Federal Register for submitting comments. Following the conclusion of the comment period, the SEC will assess the ETF proposal and may request further information from the applicants before reaching a decision.The hype around ETFs and the high interest from institutions has made short sellers more cautious.

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