-
Valkyrie expects spot bitcoin ETFs to go effective Wednesday with trading beginning Thursday
Crypto traders are holding their breath waiting for the United States Securities and Exchanges Commission to approve or reject a first bitcoin ( BTC +3.56% ) spot exchange-traded fund — and one of the issuers, Valkyrie Investments, is anticipating a decision shortly. “We’re expecting the SEC will deem the ETFs effective at close of business on Wednesday and the trading to begin on Thursday morning,” Valkyrie Investments co-founder and CIO Steven McClurg told The Block in an interview. If and when trading begins on Thursday, McClurg expects $200 million to $400 million of investors’ funds coming to ... (full story)