Thomas Daniels
Valkyrie and ARK 21Shares have recently submitted applications for spot Bitcoin ETFs to the U.S. Securities and Exchange Commission, joining a growing group of applicants seeking approval.
On January 4th, Valkyrie and ARK 21Shares filed for 8-A registration of securities with the SEC for a spot Bitcoin ETF. This follows the earlier filings by Grayscale and VanEck today, and Fidelity yesterday. The official filings by Valkyrie and ARK 21Shares today indicate a strong possibility of imminent approvals as they compete with others for the first spot Bitcoin ETF in the U.S.
There is a buzz in the market about the potential approval of a U.S. spot Bitcoin ETF. Despite rumors of potential rejections, the filings by Valkyrie and ARK 21Shares, among others, suggest a more positive outcome.
The crypto industry is hopeful for approvals to be announced between January 8th and 10th. Major players like Goldman Sachs are positioning themselves for significant roles in the Grayscale and BlackRock ETFs.
Although nothing is confirmed as of now, the week has shown a positive outlook towards the immediate likelihood of a spot Bitcoin ETF approval. Meetings between the SEC and major exchanges like Nasdaq, NYSE, and CBOE are adding to this optimism, with potential approvals possibly being announced as soon as next Monday.
