Valkyrie Is Latest ETF Issuer to Refile Bitcoin Application (1)

Valkyrie is the latest issuer to refile an application for an exchange-traded fund that invests directly in Bitcoin after the US Securities and Exchange Commission had indicated initial documents were insufficient.

The Nashville, Tennessee-based firm said in filing that Coinbase Global Inc. will provide market surveillance in support of its proposed Bitcoin fund. The SEC had pushed back against previous filings for lacking clarity.

WATCH: Ophelia Snyder, co-founder & president of 21Shares, discusses the prospects for a spot-Bitcoin ETF.

Source: Bloomberg

The new documents filed on Wednesday state that Nasdaq, which Valkyrie would list on if approved, had on June 30 “executed a term sheet with Coinbase” to “enter into a surveillance-sharing agreement.”

“This is something ...