Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO “I think the probability of an ETF has gone up,” said Cathie Wood. 14380 Total views News
Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration.
In an interview with CNBC’s Bob Pisani today, Wood said there were two signs that the Securities and Exchange Commission might be more open to greenlighting a Bitcoin (BTC) exchange-traded fund, or ETF. Under previous administrations, the regulatory body did not approve any Bitcoin ETFs, to the industry’s chagrin.
Bitcoin-oriented crypto firm NYDIG has applied for a Bitcoin ETF to the US Securities and Exchange Commission (SEC)
News that the New York Digital Investment Group registered for a Bitcoin ETF emerged yesterday. This comes a week after its founder Ross Stevens discussed with MicroStrategy’s Michael Saylor on the possible entry of a lot of institutional funds into the Bitcoin market. The firm, a Bitcoin-centric subsidiary of Stone Ridge Asset Management, joins Valkyrie Digital Assets and Vaneck that have already submitted their bitcoin-based ETF filings.
NYDIG’s Bitcoin ETF registration is a Form S-1 statement that seeks to dispense common shares trade on New York Stock Exchange Arca.
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.
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The race is on yet again for crypto ETFs as Valkyrie files registration Multiple institutions are yet again lining up to offer crypto ETFs, but will the SEC overcome its historical reticence? 32433 Total views News
In a move that may give seasoned investors flashbacks to 2018, Valkyrie Digital Assets is the latest asset management firm to file a registration with the SEC to form a Bitcoin ETF a bid that joins a crowded field of prospective fund managers looking to capitalize on renewed retail interest in cryptocurrencies.
Filed on Friday, the Texas-based family investment fund proposed listing the Valkyrie Bitcoin Trust on the New York Stock Exchange. The application did not include a possible trading ticker.