Bloomberg Law
Aug. 24, 2021, 4:34 PM

Tiny Issuer Thinks It Just Got the Edge in Race for Bitcoin ETF

Vildana Hajric
Vildana Hajric
Bloomberg News

Valkyrie Investments reckons it just vaulted to the front of the queue for approval from the Securities and Exchange Commission for the first U.S. Bitcoin exchange-traded fund thanks to a quirk that allows smaller issuers to file confidentially for new offerings.

The Nashville, Tennessee-based firm two months ago sought regulatory permission for a futures-based fund, likely the first company to do so before an onslaught by others following positive comments on the structure by the SEC. The request was revealed Tuesday after the Nasdaq exchange, where the Valkyrie XBTO Bitcoin Futures Fund would be listed, filed a response to the ...