- The company became the latest issuer to re-file
- The Coinbase exchange will provide market surveillance
Investment firm Valkyrie announced it has re-filed a spot bitcoin ETF. It thus became the latest issuer to do so after the SEC cited insufficient primary documents.
In its filing, Valkyrie, said Coinbase would act as an SSA partner and provide market surveillance. Bloomberg Intelligence ETF analyst James Seyffarth, stated:
“This is what I was looking for. Valkyrie is one of the few companies to have filed for a bitcoin ETF in the recent past, and it is not included among the new 19b-4 filers in this course of events.”
Market surveillance could be a key factor in getting SEC approval to launch a spot bitcoin ETF. It could significantly reduce instances of fraud and market manipulation, which were the main reasons about 30 ETF launch applications were rejected before this day.
The first day of July, the Cboe Digital exchange re-filed applications for bitcoin ETFs to be traded on their platform. The company expects to enter into a joint cryptocurrency agreement with Coinbase. And two days later, Nasdaq also filed a new application for a spot bitcoin-ETF from BlackRock, with Coinbase as a watchdog partner.
Nasdaq has also filed a new application for a spot bitcoin-ETF from BlackRock, with Coinbase as its watchdog partner.