您现在的位置是:Valkyrie files for a BTC futures ETF >>正文
Valkyrie files for a BTC futures ETF
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛1172人已围观
简介The exchange-traded fund will be cash-settled and traded on CMESpecialised asset manager Valkyrie ha...
The exchange-traded fund will be cash-settled and traded on CME
Specialised asset manager Valkyrie has filed for a Bitcoin futures exchange-traded fund (ETF), according to a filing published on 11 August.
As per the filing, the Valkyrie Bitcoin Strategy ETF will not involve direct investments in Bitcoin. Rather, it will consist of several purchased BTC futures contracts, which will be cash-settled and traded on the Chicago Mercantile Exchange (CME).
"Investors seeking direct exposure to the price of bitcoin should consider another investment other than the Fund. The Fund is classified as "non-diversified" under the Investment Company Act of 1940 (the "1940 Act"),"the filing noted.
The proposal comes just days after SEC Chairman Gary Gensler's comments that regulators were open to consideration of exchange-traded funds underpinned by Bitcoin futures rather than BTC itself.
In statement notes published on the SEC website on 3 August, Gensler touched on various crypto topics, including crypto exchanges, decentralised finance (DeFi) platforms, and Bitcoin exchange-traded funds. Regarding the latter, he pointed out that the commission would likely see a spike in filings "under the Investment Company Act ('40 Act)".
He also noted that the Act, alongside other securities laws, offers investors the protection they need, adding that the SEC's staff would review all filings, especially Bitcoin futures exchange-traded funds set for listing on the CME.
In the wake of these comments, VanEck, ProShares and Invesco have all submitted applications seeking approval for their respective BTC futures ETFs. Valkyrie, therefore, joins a growing list of providers awaiting feedback from the securities watchdog.
The investment company recently raised $10 million in a Series A funding round to bolster its plans for an ETF. This followed an application with the SEC for a Bitcoin ETF that the firm had submitted earlier in the year, which, incidentally, still awaits the SEC's nod, as do many others submitted by the above firms.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/7694.html
相关文章
Is Near Protocol about to recover the $4.2 level and become bullish again?
Valkyrie files for a BTC futures ETFNear Protocol traded at $6 in mid-August, the highest since MayThe token trades around the $4.2 supp...
阅读更多
SEC will pursue enforcement of securities laws, exec says
Valkyrie files for a BTC futures ETFSEC enforcement unit director Gurbir Grewal non-enforcement would be “betrayal of trust.&rdquo...
阅读更多
USAF 'Reaper' drones bag 'Angry Kitten' electronic warfare pods
Valkyrie files for a BTC futures ETFBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The Unite...
阅读更多
热门文章
- Astroscale secures $25.5M for cutting
- cDc launches Veilid, a free and secure app framework
- NASA's VIPER rover is halfway built as the new year approaches
- Terra Classic is up 425.5% in the past 14 days: here’s where to buy LUNC coin
- US lab simulates nuclear tech to thwart asteroids mass extinction threats
- Ripple’s SEC case “endgame” speculated after major date
最新文章
Portable chemical imaging tool reveals hidden alterations to Egyptian paintings
Chromia is up 459%: here’s where to buy
New Yorkers welcome robotic garbage bins, treat them like humans
Crystals dancing to the tune of light will replace batteries
Immersive cooling will be key for green Bitcoin mining: McCook
FATF updates its guidance on virtual asset regulation