Valkyrie refiles for Bitcoin ETF with Coinbase as partner.
Valkyrie Digital Assets has submitted another application for a bitcoin exchange traded fund (ETF) to the U.S. Securities and Exchange Commission. This move aligns them with asset managers like BlackRock and Fidelity who are also attempting the ETF application process again.
The asset manager, based in Tennessee, has filed a new 19b-4 document stating that crypto exchange Coinbase will serve as their partner for a surveillance-sharing agreement. This agreement is designed to prevent market manipulation and has been a crucial component of all ETF applications in the past month.
The filing states that Nasdaq, the chosen exchange for Valkyrie’s ETF listing, has “executed a term sheet” with Coinbase, which Valkyrie referred to as the “largest United States-based spot trading platform for Bitcoin.”
Last week, BlackRock and Fidelity also submitted renewed paperwork.
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Valkyrie first filed an application in January 2021. They resubmitted the paperwork to the SEC on June 21, selecting Nasdaq as their exchange and changing their ticker symbol to $BRRR. Valkyrie already has a bitcoin futures ETF listed on the exchange, which was approved in May 2022.
Edited by Sheldon Reback.