Per Valkyrie Investments, Coinbase Custody Trust Company would be the ETF’s custodian.
VanEck also resubmitted its BTC ETF application at the end of 2020.
Texas-based Valkyrie Digital Assets has filed for a bitcoin exchange-traded fund (ETF) with the US Securities Exchange Commission (SEC). The firm filed this application on January 22, noting that the proposed ETF is named Valkyrie Bitcoin Fund. Per Valkyrie Investment, the parent company of Valkyrie Digital Assets, its subsidiary seeks to list its ETF on the New York Stock Exchange (NYSE) if the SEC approves it.
According to the filing, Coinbase Custody Trust Company will act as the custodian for the proposed ETF. While this is Valkyrie’s first BTC ETF filing, the firm has reportedly launched numerous ETFs based on other assets. Per Leah Wald, Valkyrie Investments’ CEO, the company has also issued publicly-traded funds and ETPs.