Valkyrie joins race for spot bitcoin ETF with Wednesday SEC filing
Valkyrie Funds, which already offers a Bitcoin Strategy ETF and a Bitcoin Miners ETF, is joining the race for the first spot bitcoin ETF with a new filing submitted to the U.S. Securities and Exchange Commission on Wednesday.
Called the Valkyrie Bitcoin Fund, the ETF will hold bitcoin to reflect the performance of the CME CF Bitcoin Reference Rate, New York Variant. The trust intends to list shares on the Nasdaq exchange under the ticker BRRR.
The SEC has yet to approve a spot bitcoin EFT. WisdomTree, Invesco and BlackRock have all filed for spot bitcoin funds over the past week.
The price of the world's largest crypto by market capitalization has surged with the interest, rising 16% over the past week. It rose 6.3% on Wednesday to trade at $30,114, according to TradingView.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlueScope: 2027 Returns Target Includes A$1.30/Share Ordinary Dividend
BlueScope: Lifts Distribution Target to At Least 75% of Free Cash Flow
BlueScope: Now Targets Net Debt of Up to A$1.5 Billion
BlueScope: Executed Two Surplus Land Transactions During FY26
Crypto prices
More
