SEC Approves Valkyries Bitcoin Futures ETF

  • The SEC has approved Valkyrie’s XBTO Bitcoin Futures Fund, the latest in a series of proposals for a Bitcoin ETF.

  • The approval follows that of Teucrium, but the launch date has not yet been announced.

  • The SEC has so far refrained from approving any physically-backed ETFs, citing concerns over manipulation and lack of surveillance in the Bitcoin market.

  • However, the approval of Teucrium’s proposal under the Securities Act of 1933 may pave the way for a spot Bitcoin ETF.

  • In March, the SEC rejected two proposals for a spot Bitcoin ETF.

  • The CEO of Grayscale, Michael Sonnenshein, has said that his company is “all options on the table” when it comes to fighting for a Bitcoin ETF approval, including legal action against the SEC.

  • Sonnenshein said that a spot Bitcoin ETF is a matter of when, not a matter of if.

bitcoinetf cover SEC Approves Valkyries Bitcoin Futures ETF
SEC Approves Valkyries Bitcoin Futures ETF 2

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