Valkyrie filed its application using the Securities Exchange Act of 1934, filing a 19b-4 form with the SEC. Most of the previously-approved bitcoin futures ETFs filed by other companies were under the Investment Company Act of 1940, which follows a slightly different regulatory pathway to approval. Valkyrie is the second ETF to win approval with the older law, following Teucrium. Both companies also filed under the so-called “33 Act.”
Related posts
-
Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in... -
Celestia raises $100m, Binance founder leaves prison, Gensler reaffirms Bitcoin stance | Weekly Recap
The crypto venture capital scene is busy; Binance founder... -
US Bitcoin ETFs Close In on Satoshi’s BTC Stash, Holding 924,768 BTC
Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin...