Valkyrie Investments throws its hat in the ring for a spot Bitcoin ETF, joining BlackRock, Invesco, WisdomTree, and Bitwise

Jun. 21, 2023

By Mike Dalton

The asset manager is the latest company to apply following BlackRock's filing last week.

Valkyrie Investments has filed for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), according to a June 21 filing.

That filing describes the proposed investment as an exchange-traded fund (ETF) that allows investors to purchase shares of a trust containing Bitcoin.

Like many other applicants, Valkyrie saw the SEC reject its previous application for a spot Bitcoin ETF as it failed to satisfy concerns about surveillance-sharing agreements and market manipulation. That rejection took place in December 2021.

Though the latest filing discusses the above issues at length, it is unclear whether the filing sufficiently addresses the SEC’s past concerns or provides new information.

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