In a move that will give veteran investors a look back for 2018, Valkyrie Digital Assets is the latest asset management company to file a file with the Securities and Exchange Commission to create the Bitcoin ETF – an app that joins a crowded circle of potential fund managers. want to capitalize in retail. Renewed interest in cryptocurrencies.

On Friday, a Texas-based family investment fund offered to list the Valkyrie Bitcoin Trust on the New York Stock Exchange. The app does not show a potential trading line.

However, based on history, the chances of opening a negotiable fund are small. During the recent Bitcoin Bull campaign, several companies tried to shed their hat as at least nine organizations sent Bitcoin ETF proposals to the SEC, including ETF giants VanEck and Direxion, as well as Gemini, a crypto-service company created by Cameron and Tyler Winklevos.

In an earlier interview with Cointelegraph, Kryptoin CEO Donnie Kim, whose company applied for the ETF in October 2019, said the SEC had long been reluctant to push proposals.

“The committee is currently listening to and examining this new asset class, and it is waiting, partly to understand the implications of existing products in the market, and partly to seek further guidance in the current political landscape,” Kim said.

Despite historical reluctance on the part of the Commission, as retail interest in the cryptocurrency boom grows, fund managers confirm that they will be the first to offer ETF products.

On Thursday, January 21, VanEck, the gold ETF giant, which was the first company to apply for a Bitcoin fund, sent a digital asset ETF that would track the performance of the Global Equity Index for Digital Assets, which consists of companies offering crypto . Services. …

While it was difficult to get hold of US ETFs, the ETFs have boomed. Options for traders include the Swiss Bitcoin ETP, the Grayscale range of products that could be expanded to Chainlink in the coming months, and Canada’s Ethereum ETF, which proved so popular that the debut had to be put on hold.

Source: CoinTelegraph

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