Bitcoin ETF Approval Expected by November: Valkyrie CIO
Valkyrie Investments’ CIO, Steven McClurg, anticipates the US SEC's approval for a Bitcoin ETF by late November, marking a significant move for Bitcoin's market momentum.
McClurg expects the SEC to issue further comments in the next few weeks regarding Valkyrie’s ETF application, potentially finalizing rule changes by month-end or deferring until January for finishing touches on filings.
Valkyrie competes with major financial players for the Bitcoin ETF approval, managing significant Bitcoin and Ether ETFs valued at over $51 million and filing for a spot Bitcoin ETF.
Expert Nate Geraci outlines the potential process, suggesting SEC approval by November-end for rule changes, followed by filing approvals early next year for ETF trading to commence.
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SEC concerns over market manipulation and custody are pivotal, but the expected approval could trigger significant investments post-launch, while the SEC had its first closed meeting since the Grayscale appeal deadline.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
