In less than a week, the Securities and Exchange Commission (SEC) accepted a second Bitcoin ETF proposal for examination.
The SEC officially docketed Valkyrie’s request to launch a spot Bitcoin ETF, the Valkyrie Bitcoin Fund, on Monday.
It comes on the heels of the SEC’s approval of BlackRock’s spot Bitcoin ETF proposal last week on July 13.
On June 21, just five days after BlackRock’s landmark ETF proposal, Valkyrie resubmitted its longstanding Bitcoin ETF proposal.
The financial services giant has chosen ‘BRRR’ as the ticker for its ETF, alluding to a meme depicting the sound of printing money.
The inclusion of the proposal on the SEC’s official calendar opens the comment period, which is one of the regulatory procedures.