“Valkyrie Leads the Way with BTC Spot ETFs and Futures Miners ETFs”

Valkyrie Submits BTC Spot ETF Application

Valkyrie Digital Assets has submitted an application to the US Securities and Exchange Commission (SEC) for a Bitcoin spot exchange-traded fund (ETF). The application follows the company’s filing for two Bitcoin futures miners ETFs in December 2020.

The ETF would track the performance of the MVIS CryptoCompare Bitcoin Spot Index, which is a benchmark for the price of Bitcoin. The ETF would also provide investors with exposure to the cryptocurrency without having to purchase it directly.

Valkyrie’s application is the latest in a string of ETF applications by various firms. The SEC has yet to approve any of these applications, but the agency has indicated that it is open to considering them.

Valkyrie’s Bitcoin Futures Miners ETFs

In December 2020, Valkyrie Digital Assets filed for two Bitcoin futures miners ETFs, which are designed to track the performance of companies that are engaged in the mining of Bitcoin and other cryptocurrencies. The ETFs are intended to provide investors with exposure to the cryptocurrency mining industry.

The first ETF is the Valkyrie Bitcoin Futures Miners ETF, which is designed to track the performance of companies that are engaged in the mining of Bitcoin and other cryptocurrencies. The second ETF is the Valkyrie Bitcoin Spot ETF, which is designed to track the performance of companies that are engaged in the trading of Bitcoin and other cryptocurrencies.

The ETFs are expected to provide investors with exposure to the cryptocurrency mining industry, while also providing diversification benefits due to the different types of miners and trading strategies used by the companies in the ETFs.