Valkyrie Digital Assets has refiled its application for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission, joining asset managers such as BlackRock and Fidelity in taking another shot at the process. The Tennessee-based asset manager filed a new 19b-4 paper, which states that crypto exchange Coinbase will act as the partner for a surveillance-sharing agreement, which is designed to help prevent market manipulation. According to the Wednesday filing, Nasdaq, the exchange Valkyrie would use to list the ETF, has executed a term sheet with Coinbase, which Valkyrie described as the largest United States-based spot trading platform for Bitcoin. BlackRock and Fidelity also filed renewed paperwork last week. Valkyrie first filed an application in January 2021, and refiled paperwork with the SEC on June 21, naming Nasdaq as its chosen exchange and changing its ticker symbol to $BRRR. Valkyrie already has a bitcoin futures ETF listed on the exchange, which was approved in May 2022.
Valkyrie Digital Assets Refiles Application for Bitcoin ETF
