- On December 12, officials from Blackrock and the SEC met for an important discussion.
- This action shows that Valkyrie is still dedicated to navigating regulatory obstacles.
Valkyrie Investments has recently filed its fourth amendment with the United States SEC in order to create a spot Bitcoin ETF in the U.S market. In spite of setbacks in the past, this action shows that Valkyrie is still dedicated to navigating regulatory obstacles.
The firm’s unwavering stance in this field demonstrates its commitment to creating a spot Bitcoin ETF, a highly sought-after financial instrument that has seen intense regulation scrutiny.
Following this, it was reported that major European crypto ETF provider CoinShares has secured an exclusive option to buy Valkyrie Funds valid until March 31, 2024. A global platform for digital asset investments is to be built, and this strategic choice highlights the goal to reinforce a dominant position in the U.S. digital asset investment industry.
All Eyes on SEC
Moreover, the digital asset management business has taken a giant leap forward with this cooperation, which may change the way people invest in cryptocurrencies.
The fact that Blackrock and Fidelity have been in talks with the SEC lately has added to the rising expectation in the industry. Also, with a crucial deadline approaching on January 10, 2024, this development is seen as a promising sign of the SEC’s impending decision-making on the authorization of spot Bitcoin ETFs.
Multiple businesses requesting clearance for their spot Bitcoin ETF filings have been engaged with the SEC, indicating an active and transparent discussion between regulators and industry stakeholders.
On December 12, 2024, officials from Blackrock and the SEC met for an important discussion about the proposed rule change for listing the iShares Bitcoin Trust.
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