Valkiri has filed a digital asset Application Friday is the second such filing in the last 30 days for the Bitcoin Exchange-Trade Fund (ETF).
The Vulcary Bitcoin Fund will be listed on the New York Stock Exchange and Coinbase Custody Trust, the LLC will act as the custodian of the proposed ETF, according to Dallas-registered Vulcairy Investments, the parent of Vulcary Digital Assets.
“Our executive team has previously launched multiple ETFs, including Bitcoin funds, publicly traded funds and ETPs,” Leah Wald, chief executive of Valkiri Investments, told Koindesk.
Wald, of the team behind the ETF, explained, “Steven McClurg and John Key who have worked together on more than 100 formal and novel deals that have been scrutinized by the regulator.”
An ETF is seen as convenient because it trades on an equal footing with shares of popular companies such as Apple and Microsoft. And industrial manipulation.
Still, there are signs that the SEC is warming up the idea. In October 2020, then-chairman Jay Clayton, who was seen by many as a light man to crypto, said the company was Still open ETF to consider offer.
Now, a new administration, the reason for the change of watchdog at the SEC, is widely expected by crypto advocates that such an ETF will be approved in 2021. Clayton has officially resigned. Last month And Gary Jensler, who was instead Widely viewed Such as being more pro-crypto than its predecessor.
Adding to the optimism is the departure of Dalia Blas, director of the SEC division of investment management, this month. Blass was the author A 2018 letter The SEC expressed concern that the Bitcoin market may not be large enough or liquid enough to be ready for any exchange-traded product.
Amendment (January 23, 18:03 UTC: Valkyrie Investments Based in Dallas, note changes that are not in Valkyrie Digital Assets.