- Valkyrie has filed an updated spot Bitcoin ETF prospectus, joining BlackRock, Fidelity, Ark Invest and others seeking approval of the first spot Bitcoin ETF in the US.
- Spot Bitcoin ETF issuers like VanEck have recently submitted updated prospectuses to the SEC, addressing risk disclosures, new language, capital allocation, and providing more context.
- Scott Johnsson shared that the SEC will hold its first closed-door meeting since the end of the Grayscale objection period on November 2.
Investment firm Valkyrie has updated its application file sent to the SEC, one of the companies seeking approval for a spot Bitcoin ETF.
Valkyrie Updates Bitcoin ETF Application
Valkyrie has submitted an updated spot Bitcoin ETF prospectus file, joining the likes of BlackRock, Fidelity, Ark Invest, and others seeking approval for the first spot Bitcoin ETF in the United States. This application notes that the U.S. Securities and Exchange Commission (SEC) has been engaged in constructive discussions with issuers, considering the approval of a spot Bitcoin ETF.
Bloomberg analyst James Seyffart shared in a tweet that Valkyrie has updated its spot Bitcoin ETF and is acting in compliance with the SEC’s requirements, just like other spot Bitcoin ETF applicants.
“Valkyrie Funds joining the prospectus change train for spot Bitcoin ETFs. Things still moving behind the scenes.”
Spot Bitcoin ETF issuers like BlackRock, Ark Invest, and VanEck have recently submitted updated prospectuses to the SEC, addressing risk disclosures, new language, capital allocation, and providing more context. VanEck has emphasized its plan to launch a BTC ETF with funds residing in physical BTC.
Bloomberg’s analysts raised the probability of spot Bitcoin ETF approval to 90%, following the updates to the Bitcoin ETF prospectus by Ark Invest and 21Shares after constructive discussions with the SEC.
SEC’s Important Meeting on November 2
Meanwhile, lawyer Scott Johnsson shared that SEC commissioners will hold their first closed-door meeting on November 2 since the end of the Grayscale objection period. The agenda includes resolving legal cases and governance matters.
Despite investor interest, it’s unclear whether the SEC will respond to comments or make further adjustments in response to the recent changes in various spot Bitcoin ETF applications.
However, it is speculated that the meeting will likely address the SEC-Ripple Labs case as the November 9 date approaches when the SEC and Ripple are expected to jointly propose a briefing schedule.
