Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC

Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC

Valkyrie has filed an updated spot Bitcoin ETF prospectus, joining BlackRock, Fidelity, Ark Invest, and others seeking approval of the first spot Bitcoin ETF in the United States. The filing further indicates that the U.S. Securities and Exchange Commission (SEC) is in constructive talks with the issuers to consider approving a spot Bitcoin ETF.

Valkyrie Files Updated Spot Bitcoin ETF Application

Bloomberg analyst James Seyffart in a post on X revealed that asset management firm Valkyrie has updated its spot Bitcoin ETF as per the requirement of the U.S. SEC, similar to amendment by other spot Bitcoin ETF applicants.

“Valkyrie Funds joins the prospectus amendment train for their spot Bitcoin ETF. Things still moving behind the scenes.”

Spot Bitcoin ETF issuers including BlackRock, Ark Invest, and VanEck recently submitted updated prospectus with the SEC about risk disclosures, new language, seeding, and further context. VanEck highlighted plans to seed the BTC ETF with funds domiciled in physical BTC.

Bloomberg’s analysts further raised the odds of spot Bitcoin ETF approval to 90%. It followed after Ark Invest and 21Shares updated the Bitcoin ETF prospectus as a result of constructive talks with the U.S. SEC.

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US SEC’s Crucial Meeting on November 2

Meanwhile, attorney Scott Johnsson shared that the SEC will have its first closed meeting of the commissioners on November 2, since the Grayscale appeal deadline expired. The agenda includes resolving litigation claims and admin proceedings.

Despite interest from the investors, it’s unclear if the SEC will upload comments or further amendments in response to recent changes to various spot Bitcoin ETF filings.

However, the SEC v. Ripple Labs will be likely discussed in the meeting, with the court’s November 9 deadline looms for SEC and Ripple to jointly propose a briefing schedule.

Also Read: Sam Bankman-Fried’s Attorneys Submit Jury Instructions In Hopes Of “Not Guilty” Verdict

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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