In a move that could give the most veteran investors the 2018 record, Valkyrie Digital Assets is the ultimate asset management company in presenting an SEC register to create a Bitcoin Stock Exchange (ETF), an offer that is a one-stop shop for possible fund management that can approve the renovated minority interest in cryptocurrencies.
Introducing the Viernes, the Texas-based investment fund family offers the Valkyrie Bitcoin Trust subscription to New York Stock Exchange. The application does not include a possible bursátil symbol.
Without embarrassment, if the history teaches us anything, it is the probabilities that the presentation of the solicitation leads to an ETF in its own right. During the last Bitcoin career, multiple companies intend to launch on the plateau, with less new entities presenting proposals for a Bitcoin ETF prior to the SEC, including the giants of the funded contributions VanEck and Direxion, asi como Twin, the cryptocurrency services company founded by the Winklevoss partners.
In a preview interview with Cointelegraph, the CEO of Kryptoin, Donnie Kim, cuya firma presented its application for a BTC ETF in October 2019, dijo that the SEC has been working for a long time to approve this type of proposal.
“At the moment, the commission is listening and learning about this new class of assets and is meeting a compass of hopes, in order to understand the consequences of the existing products in the market and in part to look for new orientations in the current political panorama “, dijo Kim.
Following the historical retention of the Commission, while acknowledging the minority interest in cryptocurrencies, vuelven fund gestures clamber to be the first to offer a BTC ETF.
The 21st of January, the giant of the ETF of gold VanEck (which was the first company to present a BTC ETF) presented a solicitation to create an ETF of digital assets, which follows the yield of the Global Variable Rate of Digital Activation Index designed for cryptocurrencies services.
While the Bitcoin ETFs are subject to change, other listed products are booming. The options for traders include a Bitcoin ETP, a variety of Greycale products that can be amplified to include Chainlink in our next months, and an Ethereum ETF in Canada that has become popular since it interrupted its negotiations.
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