Valkyrie Digital Assets has a new branch that it’s just developed, and it’s preparing to launch it. It’s Valkyrie’s Bitcoin exchange fund. It will be launched on the New York Stock Exchange, and one it is ready to release, there will be a review period of 45 days where it is acknowledged by the U.S. Securities and Exchange Commission.
Chief Investment Officer of Valkyrie, Steven McClurg, said, “this is something that I’ve wanted for five years now. It wasn’t until recently that I believed that the SEC would probably approve a Bitcoin ETF. So we started working on that in earnest probably in August.”
Interestingly, Bitcoin applications have been met with hostility by the SEC in the past, but due to the fact that it recently got a new chairperson, this could change. There are a number of companies that have filed for a Bitcoin application because of the changes in regulation. Valkyrie is just one of many to file a 18B-4 form, so watch this space to see more firms join in the cryptocurrency goldrush.