Valkyrie Investments throws its hat in the ring for a spot Bitcoin ETF, joining BlackRock, Invesco, WisdomTree, and Bitwise News ▸ US ▸ Bitcoin ▸ Investments
Valkyrie Investments throws its hat in the ring for a spot Bitcoin ETF, joining BlackRock, Invesco, WisdomTree, and Bitwise
The asset manager is the latest company to apply following BlackRock's filing last week.
1 min read
Updated: Jun. 30, 2023 at 10:33 pm UTC
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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.
Other firms file for spot Bitcoin ETFs
Other asset management companies, including Invesco, WisdomTree, and Bitwise have also filed for spot Bitcoin ETFs in recent days. Those filings follow an application from the industry giant BlackRock, which has generated plenty of hype.
Fidelity and Fidelity Digital Assets are also rumored to be pursuing a spot Bitcoin ETF, though those rumors are not verified, and the companies have made no filing.
There is currently no spot Bitcoin ETF available to U.S. investors.
Mentioned in this article
Author 
Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
Editor Editor 
Zaeem Shoaib Zuberi
Zaeem, an editor fascinated by business, finance, DeFi, and cryptocurrencies, holds a business and finance degree. His 14-year career in financial journalism spans sectors like banking, finance, insurance, and tech.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Valkyrie
Valkyrie Investments is a specialized alternative asset management firm at the intersection of traditional finance and the emerging digital asset sector which is headquartered in Nashville.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Bitwise
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of rules-based exposure to the cryptoasset space..
