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Valkyrie Joins the Race for Spot Bitcoin ETF Approval
If the application is granted, Valkyrie’s spot Bitcoin ETF will be listed on Nasdaq under the symbol BRRR, the company noted in an S-1 registration form. The spot bitcoin ETF will issue common shares that track the performance of Bitcoin as represented by the CME CF Bitcoin Reference Rate in New York. Valkyrie joins a long list of management companies seeking approval for a spot bitcoin ETF despite the reluctance of the SEC. Most recently, BlackRock applied for a spot bitcoin ETF that would use the CME CF Bitcoin Reference rate to track the price of the top cryptocurrency. The decision by the SEC to reject a spot ... (full story)