Information from Nasdaq has corroborated several speculations around the approval of a Bitcoin ETF; as the vice president of listing qualification at Nasdaq, Eun Ah Choi said Valkyrie’s Bitcoin ETF application had passed certification for listing.
This indicates that the crypto-asset manager Valkyrie’s Bitcoin ETF could be the first ETF application to receive an approval from the United States Securities Exchange Commission and be listed on the Nasdaq Stock Market.
Per a notice received today, the United States SEC had confirmed the crypto asset manager’s share registration request. A letter from Nasdaq today indicated the said Bitcoin ETF shares had been certified.
Per the prospectus with the SEC, the said Bitcoin Strategy ETF would be offering indirect exposure to the flagship crypto-asset with cash-settled futures contracts. Additionally, a Cayman Islands-based subsidiary wholly owned by the fund with its exchanges registered with the U.S. Commodity Futures Trading Commission would sell the contracts.
It is important to note that the SEC had earlier set an October 25 for the Valkyrie’s ETF application. Currently, applications for Bitcoin futures ETFs from VanEck, ProShares, Invesco, and others are still under consideration with the regulator.
