Valkyrie has filed for securities registration with the SEC for its Bitcoin ETF.

Spot Bitcoin ​​ETF competition has reached a peak as Valkyrie has filed a registration with the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ​ETF. The move follows similar steps taken by several other applicants, including Fidelity, Grayscale and VanEck, raising the possibility of multiple approvals early next week. These trends suggest that a breakthrough moment for the U.S. cryptocurrency sector may be approaching.

SEC registration of Valkyrie

Valkyrie’s SEC filing is a significant step in the race to launch the first Bitcoin ETF in the United States. The company, part of a growing list of applicants seeking to issue a spot Bitcoin ETF, has filed a registration statement on Form S-1 with the SEC. The filing contains details about the company’s proposed ETF, including its investment objectives, policies and procedures. If approved, Valkyrie’s ETF will provide investors with exposure to the price of Bitcoin without the need to purchase and store the cryptocurrency directly.

Do you expect majority approval soon?

Valkyrie’s report is not an unknown incident. Fidelity, Grayscale, and VanEck also filed registrations with the SEC today for their respective Spot Bitcoin ETFs. These trends suggest that several approvals could be announced as early as next week, setting the stage for several new Spot Bitcoin ETFs to launch in quick succession. The industry expects approval to be announced between January 8 and 10.