Spot Bitcoin ETF Buzz: Valkyrie And Bitwise Make Headlines As Latest Applicants

2023-6-22 16:00

Valkyrie intends to list its Bitcoin ETF fund on the Nasdaq with the ticker BRRR, with Bitwise also jumping on board.

Financial giants Valkyrie and Bitwise have joined the wave of applicants seeking approval for a spot Bitcoin Exchange-traded fund in the U.S. BlackRock’s filing for a spot Bitcoin ETF has caused a significant market shift, resulting in a reversal of Bitcoin’s downward trajectory and a price surge of over 20%. Bitcoin’s resurgence has led to increased market dominance, accounting for 50% of the overall cryptocurrency market, and has triggered heightened activity from large-scale investors known as whales. Financial Giants Join The ETF Bandwagon

Valkyrie, a prominent player in the Bitcoin derivative products market, took a significant step toward introducing a spot Bitcoin ETF. The company submitted the S-1 registration form on Wednesday, June 21 and they intend to have the fund listed on the Nasdaq exchange, utilizing the ticker symbol BRRR.

Valkyrie has established itself as an early participant in the realm of Bitcoin derivative products, demonstrating its commitment to innovation. Last year, in October 2021, Valkyrie made waves by introducing the Valkyrie Bitcoin Strategy ETF (BTF), a BTC futures ETF in the United States.

The company further expanded its product lineup with the launch of the Valkyrie Balance Sheet Opportunities (VBB) in December of the same year. However, Valkyrie decided to liquidate VBB in October 2022, indicating its dedication to adapting and refining its offerings based on market dynamics.

Another prominent player moving into the Bitcoin ETF space is Bitwise, which started the 19b-4 form filing procedure to renew its spot Bitcoin ETF application. Bitwise is attempting to get its ETF approved, joining companies like Valkyrie, BlackRock, Invesco, and WisdomTree.

The exchange trade funds, if approved, will be a way to give investors additional regulated and easily accessible ways to engage in the Bitcoin market. Additionally, these credible businesses’ pursuit of ETF certification is evidence of the Bitcoin industry maturing and expanding.

Bitcoin Resurgence

BlackRock’s filing for a spot Bitcoin ETF has sparked a significant shift in market sentiment, leading to a reversal of Bitcoin’s downward trajectory. Since the filing, Bitcoin has surged by over 20%, surpassing the $30,000 mark.

BTCUSD climbs around $30k in 1D chart | Source: TradingViewThis substantial price increase has not only revived bullish sentiment but has also stimulated heightened whale activity within the market. As a result of the recent price rally, Bitcoin’s market dominance has expanded, now accounting for 51% of the overall cryptocurrency market.

This surge in Bitcoin’s value has not been isolated, as other alternative cryptocurrencies, commonly known as altcoins, have also experienced a notable uptick.

In total, the broader cryptocurrency market has witnessed an impressive $118 billion increase, with Bitcoin alone contributing $88 billion to this remarkable surge.

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Bitwise подала заявку в FINRA на торговлю акциями Bitwise Bitcoin Fund на внебиржевом рынке

Компания по управлению криптоактивами Bitwise Asset Management подала заявку в FINRA на публичную торговлю акциями своего фонда Bitwise Bitcoin Fund на внебиржевом рынке.

2021-2-3 12:11


Bitwise намерена добиться запуска Bitcoin ETF, несмотря на отказ SEC. Уолл-стрит требует криптовалюты

SEC, государственный орган в США, который отвечает за соблюдение правил игры на рынке ценных бумаг, опубликовала отказ на просьбу компании Bitwise Asset Management запустить Bitcoin ETF — специальный финансовый инструмент, который позволяет инвесторам играть на динамике курсов Bitcoin, но при этом непосредственно не покупая или приобретая криптовалюту №1. Несмотря на отказ, в Bitwise Asset Management…

2019-10-11 10:44


SEC начала рассмотрение заявки Bitwise на ETF биткойна

Комиссия по ценным бумагам и биржам США (SEC) начала процесс рассмотрения заявки на изменение правила, которое позволит осуществить листинг Bitcoin ETF, предложенного Bitwise Asset Management и биржей NYSE Arca.

2019-2-18 18:00


BitWise CEO Compares Bitcoin to Gold: It ‘Makes Perfect Sense’ for SEC to Take its Time to Consider Crypto ETF

It ‘Makes Perfect Sense' for SEC to Take its Time to Consider Bitcoin ETF, According to BitWise, Just Look at how Long it Took Gold! Hollywood became a veritable hub for financial professionals including investment professionals from all across the world: 2,500 of them in total over the course of this week. The purpose? To […]

2019-2-14 04:53


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Bitcoin Price: Financial Advisors Targeting $17,571 in Dec 2023

The majority of financial advisors believe that Bitcoin will increase in price over the next half-decade.   This finding comes from a Bitwise Asset Management’s and ETF Trend’s inaugural “Bitwise/ETF Trends Survey of Financial Advisor Attitudes Towards Cryptoassets,” which surveyed more than 150 financial advisors — including independent broker-dealer reps, financial planners, and wirehouse reps — last month.

2019-1-30 00:00


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NYSE Arca опубликовала заявку на регистрацию bitcoin-ETF

Нью-Йоркская фондовая биржа NYSE Arca оформила предложение по изменению правила 19b-4 в отношении запуска bitcoin-ETF от компании Bitwise Asset Management. Соответствующий документ опубликован на сайте NYSE Arca.

2019-1-28 18:24


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Bitwise решила «дожать» SEC и получить право на Bitcoin ETF

Криптовалютный фонд подал очередную заявку на запуск биржевых инвестиционных фондов на биткоин. Как сообщает компания Bitwise, она заполнила необходимую форму Form S1 для того, чтобы формально зарегистрировать в американской Комиссии по ценным бумагам и биржам США (US SEC) заявку с просьбой к регулятору разрешить куплю-продажу паев в биржевом инвестиционном фонде на биткоины (Bitcoin ETF).

2019-1-11 13:58


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Bitwise запросила у SEC одобрение запуска биткоин-ETF на бирже NYSE Arca

Комиссия по ценным бумагам и биржам США (SEC) опубликовала заявку на открытие Bitwise Bitcoin ETF Trust, поданную сегодня компанией по управлению криптовактивами Bitwise по форме S-1. Из документа следует, что заявитель планирует разместить акции биткоин-ETF на фондовой бирже NYSE Arca и привязать его к индексу Bitwise Bitcoin Total Return, который отслеживает движения курса биткоина и его форков на крупнейших биржах. Как […]

2019-1-11 22:20