The US Securities and Exchange Commission, or SEC, may soon approve an application by crypto asset manager Valkyrie for a Bitcoin Exchange trading fund (BTC), or ETF, to be listed on Nasdaq.

According to an announcement by the Securities and Exchange Commission on October 15, the agency has accepted an application to register shares in the Bitcoin ETF Valkyrie strategy for listing on Nasdaq. In a letter from Nasdaq’s Vice President of Listing Qualifications, Eun Ah Choi, filed on the same day, the exchange announced that the Valkyrie Bitcoin ETF has been certified.

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In an August 11 prospectus with the Securities and Exchange Commission, Valkyrie stated that the Bitcoin ETF strategy will offer indirect exposure to crypto-assets through cash-settled futures contracts. The contracts will be acquired through a subsidiary in the Cayman Islands wholly owned by a fund registered with the United States Commodity Futures Trading Commission.

The deadline for the Securities and Exchange Commission to formally approve the Valkyrie ETF offering is October 25, but it can be extended through December. The federal agency is currently studying Bitcoin ETF futures orders from VanEck, ProShares, Invesco, and others.

Source: CoinTelegraph

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