Valkyrie ‘BRRR’ spot Bitcoin ETF enters SEC’s Nasdaq rulemaking list
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The United States’ Securities and Exchange Commission (SEC) has accepted Valkyrie’s Bitcoin (
According to the SEC data, the public can submit their feedback on the Valkyrie’s spot Bitcoin ETF proposal during the 21-day comment period, or until Aug. 7. However, the SEC still has up to 45 days from the time of publication of the notice in the Federal Register, or within a longer period up to 90 days to approve or disapprove the rule change, DeLesDernier wrote.
Valkyrie’s latest Bitcoin ETF proposal was filed in late June 2023, amid optimism around BlackRock’s spot BTC ETF filing. Valkyrie proposed to list the ETF under the ticker symbol “BRRR,” referencing a popular Bitcoin community meme that represents the sound of printing money.
#Bitcoin ETF go $BRRR https://t.co/amAyDryTxf
— Bhut Head ️ (@bhut_head) July 18, 2023
The renewed optimism over spot Bitcoin ETFs has been fueled by BlackRock refiling for its spot BTC ETF on June 29. Previously, ARK Investment Management also filed an application for a spot Bitcoin ETF in April, which became its third try get such a product approved by the SEC.
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