US Securities And Exchange Commission Allows Valkyrie Bitcoin To Floor On Nasdaq Exchange

Valkyrie Bitcoin Strategy ETF is effective and set to start trading on Nasdaq. (photo: doc. unsplash)

JAKARTA – Valkyrie Bitcoin, a futures exchange-traded fund (ETF) based on Valkyrie is poised to join the launch of the ProShares Bitcoin Strategy ETF on Friday, October 22.

The Valkyrie Bitcoin Strategy ETF is finally effective and set to start trading on the Nasdaq under ticker BTF on Friday, Valkyrie confirmed to Cointelegraph on Thursday, October 22.

The launch comes after the United States Securities and Exchange Commission gave the Valkyrie Bitcoin Strategy ETF an effective notification last Thursday.

According to Leah Wald, CEO of Valkyrie Funds, the upcoming launch of the Valkyrie Bitcoin futures ETF marks an important milestone in the relationship between the cryptocurrency industry and US regulators.

“This launch is important because it is further confirmation that US regulators want to collaborate with the industry to regulate crypto assets rather than ban them,” she said.

“The more products that come to market, the more awareness they bring and, hopefully, more adoption. Of course, there are other submissions for similar products, and it makes sense for them to come to market,” added Wald.

As previously reported, the ProShares Bitcoin Strategy ETF became the first Bitcoin futures-based ETF to launch in the United States, starting trading on the New York Stock Exchange on Tuesday.

Earlier in October, the SEC also approved a Bitcoin-related ETF product by Volt Equity that provides investors with an instrument to invest in companies with significant exposure to Bitcoin.